What Analysts Are Saying About Baker Hughes Stock
Portfolio Pulse from Benzinga Insights
Analyst ratings for Baker Hughes (NASDAQ:BKR) show a mix of bullish to bearish sentiments, with recent adjustments in price targets reflecting a slight negative outlook. The average 12-month price target has been adjusted to $40.4, down from $42.50, indicating a 4.94% decrease. Analysts from Benchmark, Susquehanna, RBC Capital, Barclays, and Citigroup have maintained or lowered their ratings, with price targets ranging from $39.00 to $42.00. Baker Hughes's financial performance shows strong revenue growth but challenges in profitability and asset utilization.
April 24, 2024 | 4:00 pm
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NEGATIVE IMPACT
Analyst ratings for Baker Hughes have varied, with a recent decrease in the average price target to $40.4, indicating a slight bearish sentiment. Despite strong revenue growth, profitability and asset utilization pose challenges.
The decrease in the average price target reflects a bearish sentiment among analysts, likely due to the challenges in profitability and asset utilization despite strong revenue growth. This could lead to short-term negative pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100