RBC Capital has revised its price target for Baker Hughes (BKR, Financial) from $53 to $50, although it maintains an Outperform rating. This adjustment is part of a larger analysis of the Oil & Gas Equipment & Services sector. Recent weeks have seen stocks in this group decline, influenced by tariff issues and broader economic worries.
Initially, RBC Capital projected a gradual recovery for the sector extending into 2026. However, the firm now views this outcome as less probable. Their analysis emphasizes a strategy that focuses on stocks with strong backlog coverage, significant activity related to natural gas, distinct free cash flow characteristics, and minimal balance sheet leverage.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Baker Hughes Co (BKR, Financial) is $49.74 with a high estimate of $58.00 and a low estimate of $40.00. The average target implies an upside of 30.46% from the current price of $38.13. More detailed estimate data can be found on the Baker Hughes Co (BKR) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Baker Hughes Co's (BKR, Financial) average brokerage recommendation is currently 1.9, 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 Baker Hughes Co (BKR, Financial) in one year is $38.09, suggesting a downside of 0.1% from the current price of $38.13. 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 Baker Hughes Co (BKR) Summary page.
