Forecast: (OTIS) for today October 24 & Weekly Forecast from 22 October to 28 October
Updated: October 24, 2023
Brief information about Otis Worldwide Corp
Closing price of the last trading day: $76.91
Last trading day: 10/23/2023
Analyst forecast price: $88.92
52-week high/low: $90.97 / $65.77
Shares of Otis Worldwide Corp are traded on the stock exchange under the ticker OTIS, marking their space in the competitive "Manufacturing" sector. For stakeholders, tracking the dynamic price movement of OTIS is crucial for making informed investment decisions. In a market influenced by myriad factors, predicting the trajectory of these shares becomes both a challenge and a necessity. Predictive analytics and data-driven insights play a pivotal role in forecasting the performance of OTIS. The investors seeking up-to-date and accurate forecasts for Otis Worldwide Corp shares can turn to resources like Allforecast.com. The website stands out as a reliable tool offering real-time predictions, ensuring that investors are equipped with current and anticipated stock trends. On Allforecast.com, users gain access to a comprehensive analysis and predictions specifically tailored for OTIS, spanning varied timeframes - from the next day's anticipations to weekly, monthly, and yearly forecasts. The platform’s real-time updating mechanism ensures that the forecasted data aligns with the ongoing market trends and economic shifts, offering users actionable insights to optimize their investment strategies. The forecasts integrate a mix of qualitative and quantitative analyses, sector-specific trends within "Manufacturing", and broader market dynamics to present a holistic view of OTIS's expected performance. By leveraging such precise and timely data, investors can strategize their moves, balancing risks and opportunities associated with Otis Worldwide Corp's stocks. Navigating through the unpredictable terrains of the stock market requires actionable insights and timely data. Allforecast.com serves as a companion for investors eyeing OTIS, offering them a blend of accuracy and timeliness in predicting stock movements, aiding in informed and strategic investment choices.
Main Headquarters: Situated at ONE CARRIER PLACE, FARMINGTON, CT, US, this location serves as the primary hub for all corporate activities.
Otis Worldwide Corp's Current Market Value: As of our last update, it's pegged at $32 939 600 000, indicating its standing in the financial landscape.
Shares Overview: Currently, 411 745 000 shares of Otis Worldwide Corp are actively traded and held by the public.
Last year's EBITDA (Earnings Before Interest, Taxes, and Depreciation) for Otis Worldwide Corp stood at 2 319 000 000$. This figure provides insights into the company's operational profitability. With this positive EBITDA, Otis Worldwide Corp showcases a favorable financial health.
The PE ratio according to the latest reporting is at around 25.16. P/E shows the investor how many years his investment in this business pays off. That is, investments in Otis Worldwide Corp shares will pay off in about 26 years. A very long payback period of investments, shares should be considered not as an investment idea, but as a speculative one.
In addition to fundamental factors, stocks are influenced by many other factors. For example, it is worth monitoring all global forecasts for Otis Worldwide Corp shares. Our service will help you with this, in which we collect all forecasts and build one consensus forecast from them.
Otis Worldwide Corp stock forecast
When considering an investment in Otis Worldwide Corp, prospective investors often seek insights on its long-term performance. Our platform consolidates the expert analyses and projections from renowned global analysts to offer a unified consensus forecast for 2023, 2024, 2025, 2026, and 2027.
With these forecasts at your disposal, you can address critical questions like:
What will be the price of one share of Otis Worldwide Corp in the subsequent years including 2023, 2024, 2025, 2026, and 2027?
What consensus have the analysts reached regarding the future performance of Otis Worldwide Corp stock?
Is Otis Worldwide Corp stock a viable option for both short-term and long-term investment?
Is it prudent to sell or hold Otis Worldwide Corp shares in 2023?
Is 2023 the opportune moment to buy Otis Worldwide Corp stock, or is patience a more viable strategy?
What are the anticipated entry and exit points for investing in Otis Worldwide Corp stock, according to expert forecasts?
It’s pivotal to remember that these forecasts are to be utilized as informational resources and not definitive investment advice. The final investment decision rests solely upon the investor, contingent on their risk tolerance, investment goals, and thorough analysis of Otis Worldwide Corp.
Insight into Our Forecasting Process
Our forecasting methodology encompasses the aggregation of public and expert data on Otis Worldwide Corp, coupled with a sophisticated algorithm that calculates a weighted average forecast while eliminating outliers. This ensures that our audience receives a refined and realistic projection of Otis Worldwide Corp stock’s future performance.
Otis Worldwide Corp Daily Share Price Forecast for One Month
Our team has meticulously gathered and analyzed forecasts from a diverse pool of analysts to present a consolidated average daily forecast for Otis Worldwide Corp shares over the upcoming month. It’s essential to bear in mind that short-term predictions can often be subject to significant volatility, influenced by a myriad of dynamic, real-time market factors.
As you scroll, you’ll discover a detailed graph illustrating the consensus forecast for Otis Worldwide Corp stocks over the next 30 days. The gray spectrum of the chart delineates the historical trajectory of the stock’s price, while the turquoise spectrum provides a visual representation of the anticipated price, inclusive of potential fluctuation ranges, offering insights into prospective market trends and stock behaviors.
In the dynamic world of stock trading, analysts and investors closely observe the projected highs and lows of Otis Worldwide Corp shares. Our integrated forecast predicts a peak price of $100.93 in the forthcoming 30 days, indicating the zenith of the stock's potential performance. An encouraging revelation, denoting an upside potential of 31.23% from the current standing.
On the flip side, the stock might plummet to a minimum of $76.72 within the same period. A decline of 0.25% signals caution, nudging investors towards a more conservative stance.
Consequently, a fluctuation corridor emerges, with the stock’s resistance at $100.93 and support at $76.72, indicating the oscillating nature of Otis Worldwide Corp’s stock over the one-month spectrum. These oscillations, while providing trading opportunities, should be navigated with adept knowledge and strategic foresight.
So, what’s the trajectory of Otis Worldwide Corp amidst these projections? The nuances of stock trading and investment are encapsulated in the constant ebb and flow of the market, influenced by intrinsic and extrinsic factors. Hence, a comprehensive, nuanced understanding of market dynamics, coupled with real-time analytics, emerges as the cornerstone for maximizing ROI and mitigating risks.
The evolution of Otis Worldwide Corp’s stock is akin to a narrative unfolding, shaped by myriad factors including market trends, economic indicators, and investor sentiment. Each fluctuation is a chapter of this narrative, offering insights, challenges, and opportunities to the discerning investor.
Evaluating the resilience of the support level is crucial in gauging the future trajectory of Otis Worldwide Corp shares. The anticipation is that the price will hover near the support level for 2 days. The support level at $76.72 appears to be resilient. The likelihood of this support level being breached is minimal, indicating a phase of stability for Otis Worldwide Corp stocks.
It’s imperative to remember the innate unpredictability of the stock market. The actual future value of Otis Worldwide Corp shares is subject to variables beyond predictive analytics. Nonetheless, investors can expect the stock to oscillate within the defined optimistic and pessimistic target price brackets, offering both challenges and opportunities for strategic trading and investment.
Otis Worldwide Corp Stock Forecast 26 Oct.
Otis Worldwide Corp Stock Forecast 27 Oct.
Otis Worldwide Corp Stock Forecast 28 Oct.
Otis Worldwide Corp Stock Forecast 29 Oct.
Otis Worldwide Corp Stock Forecast 30 Oct.
Otis Worldwide Corp Stock Forecast 31 Oct.
Otis Worldwide Corp Stock Forecast 01 Nov.
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Otis Worldwide Corp Stock Forecast 09 Nov.
Otis Worldwide Corp Stock Forecast 10 Nov.
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Otis Worldwide Corp Stock Forecast 12 Nov.
Otis Worldwide Corp Stock Forecast 13 Nov.
Otis Worldwide Corp Stock Forecast 14 Nov.
Otis Worldwide Corp monthly stock forecast for 2023, 2024, 2025, 2026, 2027.
Diving into a more comprehensive insight, the monthly consensus forecast is an instrumental resource for investors eyeing Otis Worldwide Corp's performance metrics. These projections are meticulously curated, leveraging insights from renowned global analysts and offering a panoramic view of the anticipated stock behaviour for the current year and beyond.
In the mid-term analysis, forecasting accuracy enhances, attributed to the diminished influence of transient market fluctuations. For this year, the zenith of Otis Worldwide Corp share’s value is anticipated to touch $83.68, offering a robust metric for investment strategies, sans the extremes of varied agency forecasts.
On the contrary, the nadir projections settle at $74.55, delineating the lower threshold and offering a holistic perspective on the risk and return landscape.
Progressing further, we have extrapolated these analytical insights to generate consensus forecasts for subsequent years. The synthesized data, presented in intuitive tabular formats, offers investors, analysts, and enthusiasts a streamlined view into the future of Otis Worldwide Corp stocks.
Anticipated Trends: Otis Worldwide Corp (OTIS) Monthly Stock Trajectory for 2024
Otis Worldwide Corp (OTIS) Monthly Stock Prediction for 2025
Otis Worldwide Corp (OTIS) Monthly Stock Prediction for 2026
Otis Worldwide Corp (OTIS) Monthly Stock Prediction for 2027
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All submitted consensus forecasts are exposed to get acquainted with the algorithm for collecting forecasts and bringing them to a single whole. The portal allforecast.com is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.