Barclays has revised its outlook for Halliburton (HAL, Financial), reducing the price target from $29 to $26. The adjustment comes as the company navigates a challenging start to the earnings season. Analyst J. David Anderson highlighted that expectations for 2025 and 2026 have been trimmed by 8%, reflecting a pullback in profit margins.
The investment firm's decision to maintain an Equal Weight rating indicates a cautious stance, suggesting that Halliburton's market performance may align with broader industry trends rather than outperform them. The company's financial projections have been revised to account for recent developments and potential challenges on the horizon.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Halliburton Co (HAL, Financial) is $31.77 with a high estimate of $50.00 and a low estimate of $23.00. The average target implies an upside of 53.47% from the current price of $20.70. More detailed estimate data can be found on the Halliburton Co (HAL) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Halliburton Co's (HAL, Financial) average brokerage recommendation is currently 2.0, 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 Halliburton Co (HAL, Financial) in one year is $38.34, suggesting a upside of 85.22% from the current price of $20.7. 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 Halliburton Co (HAL) Summary page.
