
Otis Worldwide (OTIS) Stock Forecast & Price Target
Otis Worldwide (OTIS) Analyst Ratings
Bulls say
Otis Worldwide has demonstrated significant growth potential, highlighted by a 22% year-over-year increase in modified order intake for Q2 and a 16% year-over-year increase in backlog, both measured in constant currency. The company has successfully gained market share in new equipment, coupled with a doubling in service portfolio unit growth since 2020, positioning it favorably against its competitors in margin progression. Management anticipates further acceleration in the second half of the year, with backlog increasing by 8%, reinforcing a strong outlook for the business.
Bears say
Otis Worldwide reported a decline in organic sales of 2% in Q2, leading to a reduction in guidance for the fourth consecutive quarter, which resulted in a 13% sell-off of its stock. The company also faced significant challenges with its revised guidance for 2025, as it lowered organic sales expectations in three out of five categories, including North America and Asia. These factors indicate a persistent weakness in Otis's performance and negatively impact investor confidence in the company's future growth prospects.
This aggregate rating is based on analysts' research of Otis Worldwide and is not a guaranteed prediction by Public.com or investment advice.
Otis Worldwide (OTIS) Analyst Forecast & Price Prediction
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