WallStreetZenWallStreetZen

NYSE: ITW
Illinois Tool Works Inc Stock Forecast, Predictions & Price Target

Analyst price target for ITW

Based on 8 analysts offering 12 month price targets for Illinois Tool Works Inc.
Min Forecast
$224.00-16.48%
Avg Forecast
$253.63-5.44%
Max Forecast
$303.00+12.97%

Should I buy or sell ITW stock?

Based on 8 analysts offering ratings for Illinois Tool Works Inc.
Hold
Strong Buy
2 analysts 25%
Buy
0 analysts 0%
Hold
3 analysts 37.5%
Sell
1 analysts 12.5%
Strong Sell
2 analysts 25%

Be the first to know when Wall Street analysts revise their ITW stock forecasts and price targets.

ITW stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-03-14
lockedlocked$00.00+00.00%2024-02-06
lockedlocked$00.00+00.00%2024-02-05
lockedlocked$00.00+00.00%2024-01-23
lockedlocked$00.00+00.00%2024-01-10
Wells Fargo
Top 18%
83
HoldMaintains$277.00+3.28%2023-12-19
Citigroup
Top 1%
100
HoldMaintains$256.00-4.55%2023-12-11
JP Morgan
Top 6%
95
Strong BuyMaintains$255.00-4.93%2023-10-16

1 of 1

Forecast return on equity

Is ITW forecast to generate an efficient return?
Company
N/A
Industry
11.51%
Market
37.5%

Forecast return on assets

Is ITW forecast to generate an efficient return on assets?
Company
N/A
Industry
1.93%

ITW revenue forecast

What is ITW's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$16.5B+2.14%
Avg 2 year Forecast
$17.0B+5.56%
Avg 3 year Forecast
$17.8B+10.28%
ITW's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ITW earnings growth forecast

How is ITW forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
5.89%
Industry
2.48%
Market
22.04%
ITW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ITW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ITW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ITW revenue growth forecast

How is ITW forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
3.2%
Industry
7.22%
Market
10.52%
ITW's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ITW's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ITW vs Specialty Industrial Machinery Stocks

TickerPricePrice TargetUp/downsideConsensus
ITW$268.21$253.63-5.44%Hold
PH$558.05$545.50-2.25%Strong Buy
EMR$113.45$118.40+4.36%Strong Buy
AME$183.72$190.75+3.83%Strong Buy
CMI$294.69$273.25-7.28%Hold

Illinois Tool Works Stock Forecast FAQ

Is Illinois Tool Works Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: ITW) stock is to Hold ITW stock.

Out of 8 analysts, 2 (25%) are recommending ITW as a Strong Buy, 0 (0%) are recommending ITW as a Buy, 3 (37.5%) are recommending ITW as a Hold, 1 (12.5%) are recommending ITW as a Sell, and 2 (25%) are recommending ITW as a Strong Sell.

If you're new to stock investing, here's how to buy Illinois Tool Works stock.

What is ITW's revenue growth forecast for 2024-2026?

(NYSE: ITW) Illinois Tool Works's forecast annual revenue growth rate of 3.2% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 7.22%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.52%.

Illinois Tool Works's revenue in 2024 is $16,107,000,000.On average, 6 Wall Street analysts forecast ITW's revenue for 2024 to be $4,915,552,525,200, with the lowest ITW revenue forecast at $4,839,265,598,400, and the highest ITW revenue forecast at $4,947,829,200,000. On average, 6 Wall Street analysts forecast ITW's revenue for 2025 to be $5,080,486,240,800, with the lowest ITW revenue forecast at $5,002,623,144,000, and the highest ITW revenue forecast at $5,183,761,680,000.

In 2026, ITW is forecast to generate $5,307,632,208,000 in revenue, with the lowest revenue forecast at $5,247,226,800,000 and the highest revenue forecast at $5,399,136,720,000.

What is ITW's forecast return on assets (ROA) for 2024-2027?

(NYSE: ITW) forecast ROA is N/A, which is lower than the forecast US Specialty Industrial Machinery industry average of 1.93%.

What is ITW's Price Target?

According to 8 Wall Street analysts that have issued a 1 year ITW price target, the average ITW price target is $253.63, with the highest ITW stock price forecast at $303.00 and the lowest ITW stock price forecast at $224.00.

On average, Wall Street analysts predict that Illinois Tool Works's share price could fall to $253.63 by Mar 14, 2025. The average Illinois Tool Works stock price prediction forecasts a potential downside of 5.44% from the current ITW share price of $268.21.

What is ITW's forecast return on equity (ROE) for 2024-2027?

(NYSE: ITW) forecast ROE is N/A, which is considered weak.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.