Otis Worldwide Stock: Is Wall Street Bullish or Bearish?

Otis Worldwide Corporation (OTIS), headquartered in Farmington, Connecticut, specializes in manufacturing, installing, and servicing elevators and escalators across the U.S., China, and global markets. With a market capitalization of $39.9 billion, the company operates through its New Equipment and Service segments.

The elevator manufacturer has underperformed the broader market over the past year. Over the past 52 weeks, OTIS gained 17.7%, lagging behind the S&P 500 Index’s ($SPX) 31.1% returns. In 2024, OTIS is up 11.7% compared to SPX’s 24.7% gains on a YTD basis.