Otis Worldwide offers 66% upside potential despite recent 27.5% share drop amid China challenges.

Otis Worldwide Corporation's stock has declined 27.5% over the past year due to challenges in China, yet it remains a favored investment due to its undervaluation and growth prospects. Trading at a forward P/E of 16.95x, Otis could see a 66% price increase if it reaches a 25x earnings multiple by 2028. The company is implementing cost-saving measures, expanding with a majority stake in WeMaintain, and launching a new elevator for data centers, all supporting margin recovery and growth. The analyst maintains a bullish outlook based on Otis's strong competitive position, improving fundamentals, attractive dividends, and expected growth acceleration in the next 12-24 months.