On Oct 21, major Wall Street analysts update their ratings for $Schlumberger (SLB.US)$, with price targets ranging from $49 to $65.
Morgan Stanley analyst Daniel Kutz maintains with a buy rating, and adjusts the target price from $60 to $55.
BofA Securities analyst Saurabh Pant maintains with a buy rating, and maintains the target price at $54.
Barclays analyst David Anderson maintains with a buy rating, and adjusts the target price from $63 to $61.
Wells Fargo analyst Roger Read maintains with a hold rating, and maintains the target price at $49.
Evercore analyst James West maintains with a buy rating, and maintains the target price at $62.
Furthermore, according to the comprehensive report, the opinions of $Schlumberger (SLB.US)$'s main analysts recently are as follows:
SLB consistently met its targets with a notable quarter performance in digital. However, attention has been drawn to the anticipated deceleration of the spending cycle by 2025, leading to adjusted forecasts.
Acknowledging the macroeconomic uncertainties, it's challenging to assert that the issues are fully resolved after the third quarter. However, the recent adjustments may have alleviated what was becoming a burdensome issue for the stock.
Despite international growth rates decelerating, the assessment of Q3 outcomes, Q4 projections, and the forecast for 2025 underpin the viewpoint that the risk/reward balance for SLB shares is still advantageous. Furthermore, it is believed that SLB is strategically situated to achieve steady growth and strong free cash flow throughout the upcoming years.
SLB is positioned advantageously to benefit from the increasing international and offshore upcycle, which is currently in the early to middle stages. The company's outlook for revenue, EBITDA, and free cash flow growth has become more transparent for the upcoming years. There is an expectation that operating leverage will continue to manifest and strengthen as volumes recover, the cycle progresses, and pricing conditions improve. Despite adjustments in the 2026 EPS estimate to account for recent strategic asset sales, weaker short-cycle activity growth, and sustained expansion in the Digital segment, SLB remains highly regarded.
Here are the latest investment ratings and price targets for $Schlumberger (SLB.US)$ from 9 analysts:
Note:
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