Illinois Tool Works (ITW, Financial) has received an updated analyst report from Truist Securities, led by analyst Jamie Cook. The report, dated May 1, 2025, reveals key adjustments in the stock's price target while maintaining the current rating.
Truist Securities continues to hold a "Buy" rating on ITW, unchanged from the prior assessment. However, the firm's updated price target for Illinois Tool Works has been lowered to $284.00 from the previous target of $302.00. This adjustment represents a 5.96% decrease in the projected stock price.
These updates come as part of a routine analysis of ITW's market performance and potential growth opportunities. The price target and rating adjustments provide investors with crucial insights into the anticipated trajectory of Illinois Tool Works in the near term. The new target price reflects the firm's expectations for ITW under the current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Illinois Tool Works Inc (ITW, Financial) is $245.81 with a high estimate of $284.00 and a low estimate of $216.22. The average target implies an upside of 1.67% from the current price of $241.78. More detailed estimate data can be found on the Illinois Tool Works Inc (ITW) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Illinois Tool Works Inc's (ITW, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Illinois Tool Works Inc (ITW, Financial) in one year is $246.99, suggesting a upside of 2.16% from the current price of $241.775. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Illinois Tool Works Inc (ITW) Summary page.
