On July 1, 2025, Wells Fargo has updated its price target for Illinois Tool Works (ITW, Financial), raising it from $230.00 to $235.00 USD. Despite the adjustment, the analyst, Joseph O'Dea, has maintained the stock's rating at "Underweight."
The price target increase represents a 2.17% change up from the prior target. This modification in the price target reflects Wells Fargo's latest assessment of the company's potential market performance.
Illinois Tool Works (ITW, Financial), known for its diversified manufacturing operations, continues to draw attention from analysts, as evidenced by the recent price target adjustment. Stakeholders and potential investors should note the maintained "Underweight" rating, which indicates a cautious outlook by the financial institution.
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 $244.96 with a high estimate of $284.00 and a low estimate of $216.45. The average target implies an downside of 1.68% from the current price of $249.15. 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 $251.27, suggesting a upside of 0.85% from the current price of $249.145. 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.
