Bernstein keeps Buy rating for Otis Worldwide stock

Published on 10/08/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 3.86 billion in the second quarter of 2026, up 7.30 percent. Otis Worldwide stock costs EUR 58.95 on October 8, 2026 after EUR 58.72.

Extreme Makroaufnahme eines geflochtenen Stahlseils an einem Getriebezahn — Otis Worldwide Corp. (US68902V1070): Makroaufnahme eines Stahlseils verflochten mit einem metallischen Getriebezahn, Illustration mit AI erstellt.

Otis Worldwide (ISIN US68902V1070) was backed by Bernstein on October 7, 2026, when analyst Varun Govindaraj maintained a Buy rating and set a USD 90.00 price target, according to Markets Insider. The call matters because the target sits above the current US quotation while the company works through weaker profitability.

Revenue growth meets margin pressure

In the second quarter of 2026, Otis generated USD 3.86 billion in revenue, up 7.30 percent from the same quarter of 2025. Net income reached USD 449.0 million and diluted earnings per share were USD 1.12, according to Yahoo Finance.

The operating picture was less even. The second-quarter adjusted operating margin fell 180 basis points to 15.20 percent, while adjusted earnings per share declined 4.00 percent, reflecting inflation, mix and productivity costs described in the earnings call.

Service backlog carries the next test

Service remained the main growth engine in the second quarter of 2026, with organic sales up 9.00 percent and modernization growth of 24.00 percent. Modernization backlog increased 26.00 percent at constant currency, giving Otis a quantified execution opportunity even as service margins faced short-term investment costs.

Management kept its 2026 sales outlook at USD 15.1 billion to USD 15.3 billion and set adjusted earnings per share guidance at USD 4.01 to USD 4.05. The next scheduled checkpoint is October 28, 2026, when Otis will discuss third-quarter results and its 2026 outlook, as StockTitan reported on October 7, 2026.

Stock price stays near prior close

Otis Worldwide stock was trading at EUR 58.95 at Lang & Schwarz on October 8, 2026 at 11:01 a.m. CEST, plus 0.39 percent versus the prior close of EUR 58.72 on October 7, 2026. The primary NYSE quotation was USD 65.74 on October 7, 2026, while the 52-week range was USD 63.58 to USD 94.57 and market capitalization was USD 25.0 billion.

The contrast is clear: revenue growth and service demand remain measurable strengths, but the 15.20 percent adjusted operating margin shows why execution costs remain central to the valuation discussion. The October 28 reporting date provides the next test of whether backlog conversion can improve profitability.

The further course of trading is shown by the continuously updated real-time quote of Otis Worldwide stock.