Otis Worldwide Corp. (OTIS)
Investor Insights
Jun 5, 2026, 12:00 am This summary was created by AI, based on 2 opinions in the last 12 months.
Otis Worldwide Corp. operates in a highly oligopolistic elevator market alongside its top competitors, maintaining approximately 60% of the market share. The company is facing challenges with new equipment sales, especially in China, which has seen sluggish growth over the past three years. However, opportunities arise in the Americas and India with a growing need for new installations and modernizing aging elevators, particularly in Europe where nearly 40% of elevators are over 15 years old. Service and maintenance segments, characterized by higher profit margins of 24-25%, offer a promising avenue for growth as Otis focuses on encouraging new customers to commit to service contracts with new orders. Despite a recent pullback in share price due to weak new equipment sales, improving service performance is paving the way for potential recovery, supported by an analyst price target of $102.33.
Otis Worldwide Corp. (OTIS) Frequently Asked Questions
What is Otis Worldwide Corp. stock symbol?
Otis Worldwide Corp. is a American stock, trading under the symbol OTIS (previously OTIS-N on Stockchase) on the New York Stock Exchange (OTIS). It is usually referred to as NYSE:OTIS or OTIS
Is Otis Worldwide Corp. a buy or a sell?
In the last year, 1 stock analyst published opinions about OTIS (previously OTIS-N on Stockchase). 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Otis Worldwide Corp..
Is Otis Worldwide Corp. a good investment or a top pick?
Otis Worldwide Corp. was recommended as a Top Pick by Christine Poole on 2020-05-13. Read the latest stock experts ratings for Otis Worldwide Corp..
Why is Otis Worldwide Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Otis Worldwide Corp. worth watching?
1 stock analyst on Stockchase covered Otis Worldwide Corp. in the last year. It is a trending stock that is worth watching.
What is Otis Worldwide Corp. stock price?
On 2026-06-05, Otis Worldwide Corp. (OTIS) stock closed at a price of $70.34.
Financials 
Technical Analysis 
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This company was a spin off from from the OTX purchase by RTN and started trading April 3. They are the global leader in the elevator industry. They have a 17% market share. Service is 50% of their revenues but 80% of their profits. They usually have a 93% retention for this business. They suggest after COVID social distancing may lead to higher elevator usage and higher service requirements. Yield 0.4% (Analysts’ price target is $57.17)