Otis Worldwide Board Member Resignation Announced

An update from Otis Worldwide ( (OTIS) ) is now available.

On August 24, 2025, Shailesh Jejurikar, a member of the Board of Directors and Chair of the Compensation Committee at Otis Worldwide Corporation, announced his resignation effective September 9, 2025. His departure was not due to any disagreements with the company. Consequently, the Board reduced its size from eleven to ten members and reassigned committee roles, with Kathy Hopinkah Hannan taking over as Chair of the Compensation Committee.

The most recent analyst rating on (OTIS) stock is a Hold with a $97.00 price target. To see the full list of analyst forecasts on Otis Worldwide stock, see the OTIS Stock Forecast page.

Spark’s Take on OTIS Stock

According to Spark, TipRanks’ AI Analyst, OTIS is a Neutral.

Otis Worldwide’s overall stock score reflects strong financial performance in terms of profitability and cash flow, bolstered by positive earnings call insights. However, technical indicators suggest a bearish trend, and valuation metrics indicate potential overvaluation. Challenges in the China market and high leverage are notable risks.

To see Spark’s full report on OTIS stock, click here.

More about Otis Worldwide

Otis Worldwide Corporation operates in the elevator and escalator industry, providing products and services related to the installation, maintenance, and modernization of elevators and escalators. The company focuses on enhancing mobility in urban environments and is a key player in the global market for vertical transportation solutions.

Average Trading Volume: 3,035,188

Technical Sentiment Signal: Hold

Current Market Cap: $34.09B

See more data about OTIS stock on TipRanks’ Stock Analysis page.