Otis Worldwide stock trades at EUR 57.79 after Wells Fargo starts coverage

Published on 09/30/2026 at 14:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Otis Worldwide stock faces a USD 77.00 Wells Fargo target after coverage began on September 25, 2026. Q2 revenue reached USD 3.86 billion, up 7.30 percent year over year.

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Otis Worldwide (ISIN US68902V1070) was trading at EUR 57.79 at Lang & Schwarz on September 30, 2026, down 0.33 percent from the prior close of EUR 57.98. The latest analyst signal came on September 25, 2026, when Fintel reported that Wells Fargo initiated coverage with an Underweight rating and a USD 77.00 price target. The combination puts valuation and service growth at the center of the Otis investment case.

Service growth leads the results

Otis reported second-quarter 2026 net sales of USD 3.86 billion, up 7.30 percent from the same quarter a year earlier, according to StockTitan. The same filing summary shows GAAP earnings per share of USD 1.12, up 13.00 percent year over year, while adjusted EPS declined 4.00 percent to USD 1.01.

The segment split explains the difference. Service net sales rose 11.00 percent, with organic service growth of 9.00 percent, while New Equipment sales were flat. Modernization was a particular bright spot, with organic growth of 24.00 percent in the quarter, according to StockTitan's July 22, 2026 filing summary.

Guidance holds despite mixed ratings

Otis maintained fiscal 2026 adjusted EPS guidance of USD 4.01-4.05 and projected net sales of USD 15.1 billion to USD 15.3 billion. The guidance range gives the market a concrete benchmark after the second-quarter revenue beat the USD 3.76 billion consensus cited by MarketBeat.

MarketBeat lists a consensus rating of Hold and an average price target of USD 92.64. Wells Fargo's USD 77.00 target is therefore more cautious than that consensus, while the latest euro quote corresponds to a USD primary-market context of USD 65.63 on September 29, 2026, based on the latest available exchange data.

EUR 57.79 in afternoon trading

Otis Worldwide was trading at EUR 57.79 at Lang & Schwarz on September 30, 2026, at 2:11 p.m. CEST. The quote was down 0.33 percent versus the Lang & Schwarz prior close of EUR 57.98 on September 29, 2026. Otis has a USD 24.98 billion market capitalization and a USD 65.13 to USD 94.57 52-week range as of September 29, 2026.