4 Analysts Have This To Say About Baker Hughes
Portfolio Pulse from Benzinga Insights
Analyst ratings for Baker Hughes (NASDAQ:BKR) show a mix of bullish and bearish perspectives with a recent shift towards a more cautious outlook. The average 12-month price target has been adjusted to $40.25, down from $42.50, reflecting a 5.29% decrease. Analysts from RBC Capital, Barclays, and Citigroup have made adjustments to their ratings and price targets, indicating a nuanced view of the company's future performance. Baker Hughes, a leader in oilfield services and equipment, shows strong market presence but faces challenges in revenue growth, net margin, and ROE compared to industry averages.
February 01, 2024 | 4:00 pm
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NEGATIVE IMPACT
Baker Hughes has seen a mix of analyst ratings with a recent decrease in the average 12-month price target to $40.25, indicating a cautious outlook. The company faces challenges in revenue growth, net margin, and ROE, which may impact its short-term stock performance.
The decrease in the average 12-month price target for Baker Hughes reflects a more cautious outlook from analysts, which could lead to negative sentiment among investors. Additionally, the company's challenges in revenue growth, net margin, and ROE compared to industry averages may further contribute to a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100