
Honeywell (HON) Stock Forecast & Price Target
Honeywell (HON) Analyst Ratings
Bulls say
Honeywell Intl is well positioned because its 3Q26 operating beat showed 7% organic growth across all three segments, with Industrial Automation margins up 350 bps and Building Automation extending an eighth straight quarter of high-single-digit growth. Management also raised 2026 guidance for organic growth, adjusted EPS to $8.40-$8.45, and free cash flow to about $2.1 billion, while stranded costs are now expected to be fully eliminated by year-end 2026, improving the earnings base for 2027. The outlook is further supported by 8% short-cycle order growth, 15% core IA orders growth, and a backlog of about $19 billion, reinforcing confidence in Honeywell’s installed-base monetization strategy and recurring aftermarket revenue.
Bears say
Honeywell Intl is viewed negatively because its shares appear expensive, trading at a 9% relative P/E premium to peers and at 22.4x 2027E EV/EBITDA, or a 19% premium to large-cap Multi-Industry peers, which leaves limited room for disappointment. The company still faces meaningful cyclical exposure in commercial aerospace, oil and gas, and general industrial markets, so a broad-based macro slowdown, inflation, currency swings, or weaker credit conditions could pressure results. Although it has a large installed base and about one third of revenue from recurring aftermarket services, execution missteps, margin pressure, and softer demand in China, Brazil, Russia, India, and the Middle East could drive 2027E EPS downside.
This aggregate rating is based on analysts' research of Honeywell and is not a guaranteed prediction by Public.com or investment advice.
Honeywell (HON) Analyst Forecast & Price Prediction
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Honeywell (HON) Analyst Forecast & Price Prediction
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