Analyst Scoreboard: 16 Ratings For Baker Hughes
Portfolio Pulse from Benzinga Insights
Baker Hughes (NASDAQ:BKR) received 16 analyst ratings over the past three months, with a mix of bullish and bearish views. The average 12-month price target increased by 5.41% to $43.62. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Baker Hughes shows strong financial health with a positive revenue trend and high net margin, but faces challenges with its return on equity.
September 16, 2024 | 6:00 pm
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Baker Hughes has received a mix of analyst ratings, with a notable increase in the average price target to $43.62. The company's strong financial health is highlighted by a positive revenue trend and high net margin, though it faces challenges with its return on equity.
The increase in the average price target and the majority of analysts raising their ratings suggest a positive short-term outlook for Baker Hughes. The company's strong financial performance, particularly in revenue growth and net margin, supports this positive sentiment. However, the challenges in ROE may temper some of the optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100