The latest price target for Illinois Tool Works (NYSE:ITW) was reported by Wells Fargo on January 7, 2026. The analyst firm set a price target for $250.00 expecting ITW to fall to within 12 months (a possible -4.89% downside). 32 analyst firms have reported ratings in the last year.

The latest analyst rating for Illinois Tool Works (NYSE:ITW) was provided by Wells Fargo, and Illinois Tool Works maintained their underweight rating.

The last upgrade for Illinois Tool Works Inc happened on November 18, 2025 when B of A Securities raised their price target to $255. B of A Securities previously had an underperform for Illinois Tool Works Inc.

The last downgrade for Illinois Tool Works Inc happened on December 16, 2025 when Goldman Sachs changed their price target from $258 to $230 for Illinois Tool Works Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Illinois Tool Works, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Illinois Tool Works was filed on January 7, 2026 so you should expect the next rating to be made available sometime around January 7, 2027.

While ratings are subjective and will change, the latest Illinois Tool Works (ITW) rating was a maintained with a price target of $245.00 to $250.00. The current price Illinois Tool Works (ITW) is trading at is $262.86, which is out of the analyst’s predicted range.