RBC keeps USD 90.00 target for Otis Worldwide stock

Published on 10/15/2026 at 22:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 3.86 billion, up 7.30 percent. Otis Worldwide stock costs EUR 62.43 on October 15, 2026 at 10:23 p.m. CEST, up 1.87 percent on Nasdaq.

Analyst target and reporting date

RBC Capital maintained a Buy rating and a USD 90.00 target on October 9, 2026.
Second-quarter revenue reached USD 3.86 billion, up 7.30 percent year over year.
Otis Worldwide stock costs EUR 62.43 at Lang & Schwarz on October 15, 2026 at 10:23 p.m. CEST, up 1.87 percent on Nasdaq.
Otis Worldwide is scheduled to report third-quarter results on October 28, 2026.

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Otis Worldwide (ISIN US68902V1070) has a USD 90.00 price target from RBC Capital, which maintained its Buy rating in a report released on October 9, 2026, according to Markets Insider. Against the USD 70.40 Nasdaq price, the target stands 27.84 percent higher. Otis stock was trading at EUR 62.43 at Lang & Schwarz on October 15, 2026 at 10:23 p.m. CEST, while the Nasdaq session gained 1.87 percent.

Revenue growth meets margin pressure

Otis reported USD 3.86 billion in second-quarter revenue for the period ended June 30, 2026, up 7.30 percent from USD 3.60 billion a year earlier. Net income reached USD 428.00 million, compared with USD 393.00 million in the prior-year quarter, according to the Yahoo Finance transcript. Adjusted operating profit margin fell 180 basis points to 15.20 percent as inflation, mix and productivity costs offset higher volume and pricing.

Stock sits below its yearly high

The Nasdaq quote stood at USD 70.40 at 4:00 p.m. ET on October 15, 2026, with a day range of USD 69.25 to USD 70.75. Volume reached 4,769,761 shares against an average of 4,164,595, or 14.54 percent above the average. The 52-week range was USD 63.58 to USD 94.57, leaving the stock 25.56 percent below its high and 10.72 percent above its low.

Valuation and the next report

Otis had a market capitalization of USD 26.8 billion, a trailing P/E ratio of 18.10 and a dividend yield of 0.02 percent on October 15, 2026. The next earnings report is scheduled for October 28, 2026, before the market opens, with consensus revenue of USD 3.85 billion and earnings per share of USD 1.01, according to FN2.

Comparison with peers

Otis Worldwide: plus 1.87 percent, P/E 18.10, market capitalization USD 26.8 billion
Carrier Global (NYSE, USD): plus 1.33 percent, P/E 38.17, market capitalization USD 45.3 billion
Johnson Controls (NYSE, USD): minus 3.16 percent, P/E 25.72, market capitalization USD 89.4 billion

Price and trading outlook

RBC's target places valuation above the latest Nasdaq price, while Otis enters its October 28 reporting date with second-quarter revenue growth but a lower operating margin. The next report will put service growth, productivity costs and the full-year outlook back in focus. Otis Worldwide stock costs EUR 62.43 at Lang & Schwarz on October 15, 2026 at 10:23 p.m. CEST, up 1.87 percent on Nasdaq versus the prior close of October 14, 2026.

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