Otis Worldwide Corporation logo OTIS - Otis Worldwide Corporation

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| PRICE TARGET: $93.00 DETAILS
HIGH: $105.00
LOW: $77.00
MEDIAN: $97.00
CONSENSUS: $93.00
UPSIDE: 28.42%

Stock News

Otis Brazil Completes Elevator Modernization at Christ the Redeemer; Begins Installing New Escalators, Inclined Elevators to Improve Accessibility to Monument

Otis Brazil Completes Elevator Modernization at Christ the Redeemer; Begins Installing New Escalators, Inclined Elevators to Improve Accessibility to Monument

22 years after installation, the Otis elevators and escalators at the monument are being upgraded to enhance performance and accessibility for all visitors, particularly people with limited mobility. RIO DE JANEIRO, July 2, 2026 /PRNewswire/ -- Otis Brazil, part of Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, service and modernization company, has completed comprehensive technical upgrades to the three elevators that connect visitors who access Alto Corcovado through the Corcovado Train to see Christ the Redeemer, a monument located in the Tijuca National Park, in Rio de Janeiro.

Jul 02, 2026 04:00 AM • prnewswire.com
These 2 Dividend Growers Are Aggressively Buying Back Shares - And I'm Buying Too

These 2 Dividend Growers Are Aggressively Buying Back Shares - And I'm Buying Too

T-Mobile US and OTIS Worldwide are both down over 25% in the past year, creating long-term buying opportunities. TMUS boasts the lowest leverage among peers, aggressive buybacks, and raised guidance, with a forward P/E under 17x and double-digit dividend growth expected. OTIS faces temporary inflation and China headwinds but shows stabilizing orders, cost savings, and trades at a forward P/E of 16.7x, below historical and sector averages.

Jun 08, 2026 03:15 AM • seekingalpha.com
Otis Unveils New Commercial Escalator Modernization Packages

Otis Unveils New Commercial Escalator Modernization Packages

�Includes options for factory preassembled modules to streamline installation time Offers modernization packages for commercial escalators that improve safety and reliability, and reduce disruption during the modernization process Flexible upgrade options allow customers to select the level of modernization that best fits their building, budget and operational needs FARMINGTON, Conn., May 19, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation, service and modernization company, has announced the global launch of its Otis Link™ MOD suite of commercial escalator modernization solutions, giving building owners a safer, smarter and more efficient way to upgrade aging escalators.

May 19, 2026 03:00 AM • prnewswire.com
Otis Worldwide: Short-Term Risks Remain, But Upside Potential Hard To Ignore (Rating Upgrade)

Otis Worldwide: Short-Term Risks Remain, But Upside Potential Hard To Ignore (Rating Upgrade)

Otis Worldwide Corporation remains a portfolio favorite, despite a 27.5% share price decline over the past year driven by China headwinds. OTIS trades well below its 5-year average multiple, with a forward P/E of 16.95x and a compelling 66% upside potential if it re-rates to 25x earnings by 2028. Recent initiatives—cost savings, a majority stake in WeMaintain, and a new elevator for data centers—position OTIS for margin recovery and growth.

May 17, 2026 03:30 AM • seekingalpha.com
Otis Announces Global Winners in 2026 Made to Move Communities™ Challenge

Otis Announces Global Winners in 2026 Made to Move Communities™ Challenge

Students from schools in Athens, Greece and Hong Kong SAR win STEM and AI competition with concepts to help people during natural disasters FARMINGTON, Conn., May 6, 2026 /PRNewswire/ -- With their ideas to use advanced technology to support city officials, first responders and residents before and during natural disasters, student teams from Hong Kong and Athens, Greece were named co‑champions of Otis' Made to Move Communities™ student challenge, in recognition of the exceptional strength and impact of both teams' solutions.

May 06, 2026 02:00 AM • prnewswire.com
OTIS REPORTS FIRST QUARTER 2026 RESULTS

OTIS REPORTS FIRST QUARTER 2026 RESULTS

Otis delivers net sales growth of 6%, driven by Service with growth in all lines of business, led by repair Net sales up 6% and organic sales up 1%, driven by Service net sales up 11% with organic sales up 5% Repair net sales up 16% with organic repair sales up approximately 10% Modernization orders up 11% at constant currency, backlog up 32%, 30% at constant currency New Equipment orders up 1% at constant currency, backlog up 6%, 3% at constant currency Operating cash flow of $413 million; adjusted free cash flow of $272 million Share repurchases of approximately $400 million FARMINGTON, Conn., April 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2026 net sales of $3.6 billion with organic sales up 1% versus the prior year.

Apr 22, 2026 02:12 AM • prnewswire.com

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