Otis Expects Strong Demand for Elevator Refurbishment in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7h ago
0mins
In an interview on CNBC's Mad Money, Judy Marks said the demand for refurbishment of older elevators puts Otis in a strong position for 2026. 9M elevators are over 20 years old and in need of refurbishment, she noted. The company is going into 2026 with a 30% backlog. Its North America business has been growing for the past six quarters and she is bullish on it.
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Analyst Views on OTIS
Wall Street analysts forecast OTIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OTIS is 100.67 USD with a low forecast of 92.00 USD and a high forecast of 111.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
3 Buy
3 Hold
1 Sell
Moderate Buy
Current: 88.600
Low
92.00
Averages
100.67
High
111.00
Current: 88.600
Low
92.00
Averages
100.67
High
111.00
About OTIS
Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company’s segments include New Equipment and Service. The New Equipment segment designs, manufactures, sells and installs a range of passenger and freight elevators, and escalators and moving walkways for residential, commercial and infrastructure projects. Its elevator and escalator solutions include Gen2, Gen3, Gen360 and SkyRise. Through its Service segment, it performs maintenance and repair services, and modernization services to upgrade elevators and escalators. Through its network of service sales personnel, it sells its services directly to customers in all significant elevator and escalator verticals around the world. It serves customers in over 200 countries and territories around the world. The SkyRise advanced elevator platform combines cutting-edge technologies and precision engineering to deliver solutions for residential, commercial and mixed-use skyscrapers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Otis Worldwide Set to Announce Q4 Earnings with Positive Outlook
- Earnings Announcement Date: Otis Worldwide is set to release its Q4 earnings on January 28 before market open, with consensus EPS estimate at $1.03, reflecting a 10.8% year-over-year increase, and revenue estimate at $3.87 billion, up 5.2%, indicating stable growth potential in the market.
- Historical Performance Review: Over the past two years, Otis has beaten EPS estimates 75% of the time and revenue estimates 38% of the time, demonstrating the company's reliability in profitability and market confidence.
- Expectation Adjustment Dynamics: In the last three months, EPS estimates have seen 2 upward revisions and 7 downward revisions, while revenue estimates have experienced 4 upward and 3 downward revisions, reflecting market divergence and uncertainty regarding the company's future performance.
- Market Sentiment Analysis: Despite facing challenges, analysts remain bullish on Otis, believing that the growth potential driven by its service business is underappreciated, and the recent stock price increase following an earnings beat indicates investor confidence in its future development.
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Otis Declares Quarterly Dividend of $0.42
- Quarterly Dividend Announcement: Otis Worldwide Corporation's Board of Directors declared a quarterly dividend of $0.42 per share, payable on March 13, 2026, reflecting the company's ongoing commitment to shareholder returns.
- Record Date for Shareholders: The dividend will be paid to shareholders of record as of February 13, 2026, ensuring that investors holding shares by this date can benefit from the payout, thereby enhancing investor confidence.
- Global Business Scale: Otis moves 2.5 billion people daily and maintains approximately 2.5 million customer units, underscoring its leadership position in the elevator and escalator industry and further solidifying its market share.
- Employee Strength: The company employs 72,000 people globally, including 45,000 field professionals, demonstrating its robust service capabilities and responsiveness to customer needs, supporting operations in over 200 countries and territories.
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