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NYSE: OTIS
Otis Worldwide Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for OTIS

Based on 6 analysts offering 12 month price targets for Otis Worldwide Corp.
Min Forecast
$65.00-19.2%
Avg Forecast
$81.33+1.1%
Max Forecast
$92.00+14.36%

Should I buy or sell OTIS stock?

Based on 6 analysts offering ratings for Otis Worldwide Corp.
Hold
Strong Buy
1 analysts 16.67%
Buy
0 analysts 0%
Hold
4 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
1 analysts 16.67%

OTIS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Credit Suisse
Top 2%
99
HoldMaintains$92.00+14.36%2021-10-26
Barclays
Top 12%
89
HoldMaintains$88.00+9.38%2021-10-26
Wells Fargo
Bottom 13%
13
Strong SellInitiates Coverage On$72.00-10.50%2021-10-08
Barclays
Bottom 5%
5
HoldMaintains$86.00+6.90%2021-07-27
Anonymous
Barclays
HoldMaintains$78.00-3.05%2021-07-08
HSBC
Bottom 44%
44
HoldUpgrades$65.00-19.20%2021-03-29
Berenberg
Bottom 41%
41
Strong BuyInitiates Coverage On$85.00+5.66%2021-03-16

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Forecast return on equity

Is OTIS forecast to generate an efficient return?
Company
-40.78%
Industry
27.16%
Market
46.73%
OTIS's Return on Equity is forecast to be low in 3 years (-40.78%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is OTIS forecast to generate an efficient return on assets?
Company
15.01%
Industry
10.36%
OTIS is forecast to generate higher Return on Assets (15.01%) than the US Specialty Industrial Machinery industry average (10.36%)
Forecast

OTIS earnings per share forecast

What is OTIS's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$2.97+4.95%
Avg 2 year Forecast
$3.27+15.55%
Avg 3 year Forecast
$3.70+30.74%
OTIS's earnings are forecast to grow at a rate of 8.03% per year, which is not exceptional
Forecast

OTIS revenue forecast

What is OTIS's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$14.3B+0.69%
Avg 2 year Forecast
$14.7B+3.52%
Avg 3 year Forecast
$15.2B+7.01%
OTIS's revenue is forecast to grow at a rate of 1.84% per year, which is not exceptional
Forecast

OTIS earnings growth forecast

How is OTIS forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
8.03%
Industry
12.21%
Market
17.66%
OTIS's earnings are forecast to grow slower (8.03% per year) than the US Specialty Industrial Machinery industry average (12.21%)
Forecast
OTIS's earnings are forecast to grow slower (8.03% per year) than the US market average (17.66%)
Forecast
OTIS's earnings are forecast to grow faster (8.03% per year) than the risk-free savings rate (1.4%)
Forecast

OTIS revenue growth forecast

How is OTIS forecast to perform vs Specialty Industrial Machinery companies and vs the US market?
Company
1.84%
Industry
2.92%
Market
10.77%
OTIS's revenues are forecast to grow slower (1.84% per year) than the US Specialty Industrial Machinery industry average (2.92%)
Forecast
OTIS's revenues are forecast to grow slower (1.84% per year) than the US market average (10.77%)
Forecast

Otis Worldwide Corp Stock Forecast FAQ

Is Otis Worldwide Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NYSE: OTIS) stock is to Hold OTIS stock.

Out of 6 analysts, 1 (16.67%) are recommending OTIS as a Strong Buy, 0 (0%) are recommending OTIS as a Buy, 4 (66.67%) are recommending OTIS as a Hold, 0 (0%) are recommending OTIS as a Sell, and 1 (16.67%) are recommending OTIS as a Strong Sell.

What is OTIS's earnings growth forecast for 2021-2023?

(NYSE: OTIS) Otis Worldwide Corp's forecast annual earnings growth rate of 8.03% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 12.21%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.66%.

Otis Worldwide Corp's earnings in 2021 is $1,216,000,000.On average, 3 Wall Street analysts forecast OTIS's earnings for 2021 to be $1,261,563,826, with the lowest OTIS earnings forecast at $1,244,573,067, and the highest OTIS earnings forecast at $1,274,306,895. On average, 3 Wall Street analysts forecast OTIS's earnings for 2022 to be $1,388,994,516, with the lowest OTIS earnings forecast at $1,359,260,688, and the highest OTIS earnings forecast at $1,422,976,033.

In 2023, OTIS is forecast to generate $1,571,645,171 in earnings, with the lowest earnings forecast at $1,571,645,171 and the highest earnings forecast at $1,571,645,171.

What is OTIS's revenue growth forecast for 2021-2023?

(NYSE: OTIS) Otis Worldwide Corp's forecast annual revenue growth rate of 1.84% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 2.92%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.77%.

Otis Worldwide Corp's revenue in 2021 is $14,222,000,000.On average, 2 Wall Street analysts forecast OTIS's revenue for 2021 to be $6,082,583,262,714, with the lowest OTIS revenue forecast at $6,074,404,336,293, and the highest OTIS revenue forecast at $6,090,762,189,135. On average, 2 Wall Street analysts forecast OTIS's revenue for 2022 to be $6,253,790,641,747, with the lowest OTIS revenue forecast at $6,225,375,721,833, and the highest OTIS revenue forecast at $6,282,205,561,661.

In 2023, OTIS is forecast to generate $6,464,724,538,231 in revenue, with the lowest revenue forecast at $6,464,724,538,231 and the highest revenue forecast at $6,464,724,538,231.

What is OTIS's forecast return on assets (ROA) for 2021-2023?

(NYSE: OTIS) forecast ROA is 15.01%, which is higher than the forecast US Specialty Industrial Machinery industry average of 10.36%.

What is OTIS's Price Target?

According to 6 Wall Street analysts that have issued a 1 year OTIS price target, the average OTIS price target is $81.33, with the highest OTIS stock price forecast at $92.00 and the lowest OTIS stock price forecast at $65.00.

On average, Wall Street analysts predict that Otis Worldwide Corp's share price could stay at $81.33 by Oct 26, 2022. The average Otis Worldwide Corp stock price prediction forecasts a potential downside of N/A from the current OTIS share price of $80.45.

What is OTIS's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: OTIS) Otis Worldwide Corp's current Earnings Per Share (EPS) is $2.83. On average, analysts forecast that OTIS's EPS will be $2.97 for 2021, with the lowest EPS forecast at $2.93, and the highest EPS forecast at $3.00. On average, analysts forecast that OTIS's EPS will be $3.27 for 2022, with the lowest EPS forecast at $3.20, and the highest EPS forecast at $3.35. In 2023, OTIS's EPS is forecast to hit $3.70 (min: $3.70, max: $3.70).

What is OTIS's forecast return on equity (ROE) for 2021-2023?

(NYSE: OTIS) forecast ROE is -40.78%, which is considered weak.
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