Illinois Tool Works Inc. (ITW) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$260.52
Price Target
$273.67
Target Range
$254.00 — $285.00
Analyst Rating
Hold
Forward P/E23.1x
Trailing P/E24.8x
Forward PEG2.41
Implied Growth+3.9%
Median Target$276.50
Analyst Spread11.3%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$254
-2.5%
Consensus
$274
+5.0%
Bull Case
$285
+9.4%
Valuation Model TargetsConfidence: 68/100
Bear$212
Base$296
Bull$365
ITW Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Illinois Tool Works Inc. (ITW) has a Wall Street consensus price target of $273.67, based on estimates from 28 covering analysts. With the stock currently trading at $260.52, this represents a potential upside of +5.0%. The company has a market capitalization of $75.08B.
Analyst price targets range from a low of $254.00 to a high of $285.00, representing a 11% spread in expectations. The median target of $276.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 6 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 9 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, ITW trades at a trailing P/E of 24.8x and forward P/E of 23.1x. The forward PEG ratio of 2.41 reflects a premium valuation. Analysts expect EPS to grow +3.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $295.70, with bear and bull scenarios of $212.18 and $364.87 respectively. Model confidence stands at 68/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+8.4%
Avg Forward P/E25.9x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 EMREmerson Electric Co. | $83.2B | $147.92 | $161.92 | +9.5% | Buy | 22.8x | 41 |
 ETNEaton Corporation plc | $163.5B | $421.39 | $379.78 | -9.9% | Buy | 31.7x | 39 |
 HONHoneywell International Inc. | $137.4B | $216.82 | $243.83 | +12.5% | Buy | 20.6x | 28 |
 ROKRockwell Automation, Inc. | $51.6B | $459.35 | $436.56 | -5.0% | Hold | 37.8x | 39 |
 PHParker-Hannifin Corporation | $113.9B | $902.66 | $1042.08 | +15.4% | Buy | 29.1x | 38 |
 DOVDover Corporation | $30.6B | $227.18 | $237.08 | +4.4% | Buy | 21.3x | 28 |
 AMEAMETEK, Inc. | $55.3B | $241.38 | $245.91 | +1.9% | Buy | 29.9x | 29 |
 SWKStanley Black & Decker, Inc. | $12.6B | $81.03 | $89.17 | +10.0% | Hold | 17.8x | 37 |
 IRIngersoll Rand Inc. | $30.8B | $78.65 | $99.50 | +26.5% | Buy | 22.4x | 15 |
 GGGGraco Inc. | $13.3B | $80.36 | $95.67 | +19.1% | Hold | 25.7x | 20 |
Upside Potential Comparison
IRGGGPHHONSWKEMRDOVAMEFull ITW Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See ITW's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ITW Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare ITW vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonITW — Frequently Asked Questions
Quick answers to the most common questions about buying ITW stock.
What is the ITW stock price target for 2026?
The consensus price target for ITW is $273.67, close to the current price of $260.52 (5.0% implied move). Based on 28 analyst estimates, the stock appears fairly valued near current levels.
Is ITW a buy, sell, or hold?
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 $273.67 implies 5.0% upside from current levels.
Is ITW stock overvalued or undervalued?
ITW trades at a forward P/E of 23.1263x, representing a moderate valuation. With analysts targeting $273.67 (5.0% implied move), the stock appears reasonably valued with upside.
How high can ITW stock go?
The most bullish Wall Street analyst has a price target of $285 for ITW, while the most conservative target is $254. The consensus of $273.67 represents the median expectation. Our quantitative valuation model projects a bull case target of $365 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover ITW stock?
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.
What is the ITW stock forecast?
The 12-month ITW stock forecast based on 28 Wall Street analysts shows a consensus price target of $273.67, 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 $296, with bear/bull scenarios of $212/$365.
What is ITW's fair value based on fundamentals?
Our quantitative valuation model calculates ITW's fair value at $296 (base case), with a bear case of $212 and bull case of $365. 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 68/100.
What is ITW's forward P/E ratio?
ITW trades at a forward P/E ratio of 23.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.8x. 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.
Should I buy ITW stock?
ITW appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $273.67 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.
Why do ITW price targets vary so much?
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 $273.67 consensus represents the middle ground. Our model's $212-$365 range provides an independent fundamental perspective.