The Analyst Verdict: Baker Hughes In The Eyes Of 5 Experts
Portfolio Pulse from Benzinga Insights
Analysts have diverse views on Baker Hughes (NASDAQ:BKR), with recent ratings ranging from bullish to bearish. The average 12-month price target is now $40.2, down from $42.50, indicating a 5.41% decrease. Analysts from firms like Susquehanna, RBC Capital, Barclays, and Citigroup have adjusted their ratings and price targets. Baker Hughes, a leader in oilfield services and equipment, has seen a 15.75% revenue growth but faces challenges in profitability and asset management.
April 08, 2024 | 4:01 pm
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Baker Hughes has received mixed analyst ratings with a revised average price target of $40.2, indicating a potential downside. The company shows strong revenue growth but struggles with profitability and asset management.
The decrease in the average price target suggests analysts are adjusting their expectations downwards, likely due to the challenges in profitability and asset management despite strong revenue growth. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100