Stifel has revised its price target for Cactus Inc. (WHD, Financial), reducing it from $64 to $61 while maintaining a Buy rating on the stock. This adjustment comes as the firm updates its earnings models for the oilfield services and equipment sector, anticipating slightly lower than expected activity levels for the first quarter.
As the earnings season approaches, Stifel's analysis reflects a more cautious near-term outlook for the sector, driving the decision to amend the price target. Cactus Inc., known for its role in the oilfield services industry, faces this reevaluation amid broader sector adjustments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Cactus Inc (WHD, Financial) is $54.43 with a high estimate of $61.00 and a low estimate of $40.00. The average target implies an upside of 46.75% from the current price of $37.09. More detailed estimate data can be found on the Cactus Inc (WHD) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Cactus Inc's (WHD, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" 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 Cactus Inc (WHD, Financial) in one year is $58.65, suggesting a upside of 58.13% from the current price of $37.09. 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 Cactus Inc (WHD) Summary page.
