Summary:
- Weatherford International partners with AIQ to enhance energy production using AI.
- Analysts project significant upside potential for Weatherford's stock.
- GuruFocus indicates the stock is undervalued based on GF Value metrics.
Innovative Collaboration with AIQ
Weatherford International (WFRD, Financial) has unveiled a strategic partnership with AIQ, an artificial intelligence leader based in Abu Dhabi, to revolutionize energy production. This collaboration aims to synergize AIQ's cutting-edge AI capabilities with Weatherford's Modern Edge technology, focusing on optimizing production workflows and minimizing downtime, thus enhancing economic returns.
Wall Street Analysts' Projections
According to data from seven analysts, there is a bullish outlook for Weatherford International PLC (WFRD, Financial) with a one-year average price target of $84.71. The estimates range from a high of $97.00 to a low of $66.00, indicating a potential upside of 89.34% from the current stock price of $44.74. For further details on these estimates, visit the Weatherford International PLC (WFRD) Forecast page.
Additionally, the consensus rating from seven brokerage firms positions Weatherford International PLC (WFRD, Financial) at 1.9, suggesting an "Outperform" rating. This rating uses a scale from 1 to 5, where 1 denotes a Strong Buy and 5 indicates a Sell.
GuruFocus GF Value Insights
GuruFocus provides an estimated GF Value for Weatherford International PLC (WFRD, Financial) at $73.47 over the next year, predicting a 64.21% upside from its present price of $44.74. The GF Value represents GuruFocus' projected fair trading value, calculated from historical trading multiples and anticipated business performance. Investors can explore more in-depth data on the Weatherford International PLC (WFRD) Summary page.
