The Latest Analyst Ratings for NOV
Portfolio Pulse from Benzinga Insights
NOV (NYSE:NOV) has received 5 analyst ratings in the last quarter, with 3 somewhat bullish, 2 indifferent, and no bearish ratings. The average 12-month price target for NOV is $24.8, a 4.42% increase from the previous target of $23.75. Ratings are based on future earnings predictions and company risk assessments.
December 08, 2023 | 12:00 pm
News sentiment analysis
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POSITIVE IMPACT
NOV has seen a positive shift in analyst sentiment with an increased average price target of $24.8, suggesting a bullish outlook for the stock in the short term.
The increase in the average price target for NOV, along with the absence of bearish ratings among analysts, suggests a positive sentiment towards the company's stock. This could lead to a short-term increase in NOV's stock price as market participants often consider analyst ratings and price targets when making investment decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100