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OTIS

Otis Worldwide Corp

NYSE: OTIS · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY

$76.60
-0.98% today

Updated 2026-04-29

Market cap
$29.39B
P/E ratio
20.37
P/S ratio
2.01x
EPS (TTM)
$3.76
Dividend yield
2.17%
52W range
$75 – $100
Volume
3.7M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Otis Worldwide Corp (OTIS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$76.60
Consensus
$101.13
+32.02%
2030 Target
$576.16
+652.17%
DCF
$93.52
+4.38% MoS
8 analysts:
4 Buy3 Hold2 Sell

Management guidance

No specific revenue targets disclosed in available earnings materials. CEO Judy Marks emphasizes modernization backlog strength and mid to high single-digit EPS growth for 2026, but revenue guidance not explicitly stated beyond management focus on service segment stability (60% of revenue) and new equipment order recovery.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$965.46
$18.8B Rev × 20x P/S
Base case (2030)
$576.16
$18.8B Rev × 12x P/S
Bear case (2030)
$381.51
$18.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$14.2B$14.3B$14.4B$15.5B$16.3B$17.1B$17.9B$18.8B
Revenue growth—0.4%1.2%7.5%4.9%4.8%4.9%4.9%
EPS$3.54$3.83$3.99$4.42$4.90$5.35$5.85$6.40
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$474.95$498.30$521.66$552.81$576.16

Catalysts & risks

Growth catalysts
+ Modernization backlog expansion - significant London Underground escalator contract and North American modernization momentum
+ New equipment order recovery - commercial real estate stabilization as interest rates normalize in 2027-2028
+ Service revenue growth acceleration - recurring contracts provide 60% of revenue with high margins and pricing power
+ Gen3 platform adoption - expanded elevator solutions (Gen3 Core) capturing 2-8 story building segment in North America
+ International expansion - EMEA Gen3 rollout and Asia-Pacific infrastructure spending growth
Key risks
- Global construction slowdown - commercial real estate weakness persists longer than expected due to sustained high interest rates
- New equipment order weakness - Q4 2025 revenue miss signals demand deterioration in key North America and Europe markets
- Supply chain and inflation pressures - continued material cost and logistics inflation constraining margins despite pricing actions
- China exposure and geopolitical tensions - reduced new equipment demand in China; tariff and trade uncertainties
- Interest rate sensitivity - elevated borrowing costs depress construction spending and new elevator installations through 2027

Methodology

Otis Worldwide Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.