18 Analysts Assess Halliburton: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have recently adjusted their ratings and price targets for Halliburton (NYSE:HAL), reflecting a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 7.56% to $43.39. Halliburton's financials show strong profitability and effective cost control, but its revenue growth lags behind industry peers.
September 13, 2024 | 1:01 pm
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Analysts have lowered their price targets for Halliburton, with the average target now at $43.39, a 7.56% decrease. This reflects a mix of bullish and bearish sentiments, with recent financials showing strong profitability but lagging revenue growth compared to peers.
The decrease in the average price target by 7.56% indicates a bearish sentiment among analysts, which could negatively impact the stock price in the short term. Despite strong profitability metrics, the lag in revenue growth compared to peers may concern investors.
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