
Otis Worldwide (OTIS) Stock Forecast & Price Target
Otis Worldwide (OTIS) Analyst Ratings
Bulls say
Otis Worldwide's strong financial performance is highlighted by a 22% year-over-year growth in modified order intake for the second quarter and a 16% year-over-year increase in backlog, indicating robust demand for its products and services. The company has experienced sustained increases in new equipment market share since 2020, coupled with a doubling in the growth rate of its service portfolio units, showcasing a successful expansion strategy. Additionally, Otis has substantially outperformed its key competitors in margin progression, reinforcing a positive outlook for future revenue generation.
Bears say
Otis Worldwide has experienced declining organic sales, with a notable 2% decrease reported in Q2, leading to the fourth consecutive reduction in guidance. The company's revised expectations for 2025 have also been disappointing, with organic sales projections reduced across three out of five key categories, including North America and Northeast Asia. This string of outlook cuts has prompted significant market reactions, evidenced by a 13% sell-off following the latest results, indicating investor concerns regarding the company's future performance and 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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