RBC keeps USD 90.00 target for Otis Worldwide stock

Published on 10/20/2026 at 21:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 7.30 percent to USD 3.86 billion. Otis Worldwide stock costs EUR 64.06 on October 20, 2026, up 2.27 percent versus Frankfurt close.

Analyst target and reporting date

RBC Capital maintained its Buy rating and 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 64.06 at Lang & Schwarz on October 20, 2026 at 9:35 p.m. CEST, 2.27 percent above the Frankfurt close of October 19, 2026, EUR 62.64.
Otis is scheduled to report third-quarter 2026 results on October 28, 2026.

Glasaufzug in sonnendurchflutetem Hochhaus-Atrium, moderne Architektur — Otis Worldwide Corp. (US68902V1070): moderner Glasaufzug im lichtdurchfluteten Hochhaus-Atrium, realistische hochwertige Architekturfotografie eines Wolkenkratzers, Illustration mit AI erstellt.

RBC Capital maintained its Buy rating and USD 90.00 price target for Otis Worldwide on October 9, 2026, according to Markets Insider. The target lies 25.09 percent above the USD 71.95 NYSE price on October 20, 2026. Otis Worldwide was trading at EUR 64.06 at Lang & Schwarz on October 20, 2026 at 9:35 p.m. CEST, 2.27 percent above the Frankfurt close of October 19, 2026 at EUR 62.64.

Revenue growth meets margin pressure

Otis reported USD 3.86 billion in second-quarter 2026 revenue, up 7.30 percent from the year-earlier quarter, while net income reached USD 428.00 million. The figures come from the company's second-quarter earnings materials carried in the Yahoo Finance transcript.

Service organic sales increased 9.00 percent in the quarter, and modernization grew 24.00 percent. Adjusted operating profit margin declined 180 basis points to 15.20 percent as inflation, mix and productivity costs offset higher volume and pricing, according to the same second-quarter transcript.

What does October 28 mean for the stock?

Otis is scheduled to release its third-quarter 2026 results before the US market opens on October 28, 2026, with the earnings call set for 8:30 a.m. ET, as listed by 6ix. Analysts cited by Barchart expect adjusted earnings per share of USD 1.00, down 4.80 percent from USD 1.05 in the year-earlier quarter.

The scheduled report is important because Otis enters it with full-year adjusted earnings-per-share guidance of USD 4.01 to USD 4.05. The second-quarter call also described a USD 15.10 billion to USD 15.30 billion full-year sales outlook and adjusted free cash flow guidance of USD 1.50 billion to USD 1.55 billion.

Stock valuation and trading frame

Otis had a market capitalization of USD 27.4 billion and a price-to-earnings ratio of 18.52 on October 20, 2026. The NYSE stock traded between USD 63.58 and USD 94.57 over the previous 52 weeks, placing the current USD 71.95 price 23.91 percent below the high and 13.18 percent above the low. Trading volume was 1,904,877 shares against an average of 4,189,345 shares.

Otis operates in the industrial machinery sector and manufactures, installs, services and modernizes elevators and escalators. Its service network covers about 2.5 million customer units, while the company says it moves 2.5 billion people daily.

Trading outlook for Otis Worldwide

For investors, the October 28 report offers the next measurable test of whether service growth can offset cost pressure. The current euro quote remains above the Frankfurt close while the analyst target leaves a separate USD valuation reference.

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