2.7% Below Target

The consensus price target for ITW is $271.29, close to the current price of $264.09 (2.7% implied move). Based on 28 analyst estimates, the stock appears fairly valued near current levels.

ITW has a consensus rating of "Hold" based on 28 Wall Street analysts. The rating breakdown is leaning bearish, with 9 Sell/Strong Sell ratings. The consensus 12-month price target of $271.29 implies 2.7% upside from current levels.

ITW trades at a forward P/E of 23.3652x, representing a moderate valuation. With analysts targeting $271.29 (2.7% implied move), the stock appears close to fair value.

The most bullish Wall Street analyst has a price target of $285 for ITW, while the most conservative target is $254. The consensus of $271.29 represents the median expectation. Our quantitative valuation model projects a bull case target of $387 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

ITW is heavily covered by Wall Street, with 28 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 13 recommend Hold, and 9 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month ITW stock forecast based on 28 Wall Street analysts shows a consensus price target of $271.29, with estimates ranging from $254 (bear case) to $285 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $294, with bear/bull scenarios of $185/$387.

Our quantitative valuation model calculates ITW's fair value at $294 (base case), with a bear case of $185 and bull case of $387. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 57/100.

ITW trades at a forward P/E ratio of 23.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 25.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

ITW appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $271.29 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

ITW analyst price targets range from $254 to $285, a 11% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $271.29 consensus represents the middle ground. Our model's $185-$387 range provides an independent fundamental perspective.