Baker Hughes (BKR) Stock Forecast & Price Target

$41.31 -1.20 (-2.82%)

(As of 12/6/2024 06:03 PM ET)

Baker Hughes - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 19 Analyst Ratings

Sell
0

Hold
2

Buy
17

Based on 19 Wall Street analysts who have issued ratings for Baker Hughes in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 2 have given a hold rating, and 17 have given a buy rating for BKR.

Consensus Price Target

$44.76
8.36% Upside

According to the 19 analysts' twelve-month price targets for Baker Hughes, the average price target is $44.76. The highest price target for BKR is $50.00, while the lowest price target for BKR is $38.00. The average price target represents a forecasted upside of 8.36% from the current price of $41.31.

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BKR Analyst Ratings Over Time

Type	Current Forecast 12/9/23 to 12/8/24	1 Month Ago 11/9/23 to 11/8/24	3 Months Ago 9/10/23 to 9/9/24	1 Year Ago 12/9/22 to 12/9/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$44.76	$44.12	$43.38	$39.56
Forecasted Upside	8.36% Upside	2.56% Upside	28.75% Upside	22.71% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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BKR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BKR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Baker Hughes Stock vs. The Competition

Type	Baker Hughes	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.89	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	8.36% Upside	1,731.53% Upside	8.46% Upside
News Sentiment Rating	Positive News See Recent BKR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/25/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$45.00 ➝ $48.00	+10.37%
11/14/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$42.00 ➝ $50.00	+16.60%
10/25/2024	Argus 2 of 5 stars	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
10/24/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$46.00 ➝ $48.00	+30.97%
10/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$43.00 ➝ $43.00	+17.65%
10/24/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$42.00 ➝ $42.00	+15.04%
Get the Latest News and Ratings for BKR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Baker Hughes and its competitors with MarketBeat's FREE daily newsletter.
10/24/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$41.00 ➝ $46.00	+24.32%
10/10/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$43.00 ➝ $45.00	+19.36%
10/3/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$42.00 ➝ $45.00	+20.90%
9/25/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Read Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$40.00 ➝ $42.00	+15.58%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$42.00 ➝ $40.00	+15.01%
7/29/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$42.00 ➝ $46.00	+21.08%
7/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$39.00 ➝ $43.00	+12.98%
7/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$42.00 ➝ $43.00	+13.76%
7/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$46.00 ➝ $48.00	+27.08%
7/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$46.00 ➝ $50.00	+31.61%
7/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$40.00 ➝ $38.00	+5.64%
7/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$45.00 ➝ $44.00	+27.54%
1/29/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
7/21/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$40.00 ➝ $43.00	+24.06%
6/7/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$38.00	+23.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:34 AM ET.

Should I Buy Baker Hughes Stock? BKR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, December 3, 2024. Please send any questions or comments about these Baker Hughes pros and cons to contact@marketbeat.com.

Baker Hughes
Bull Case

Here are some ways that investors could benefit from investing in Baker Hughes:

Baker Hughes has shown strong institutional support, with 92.06% of its stock owned by institutional investors, indicating confidence in the company's future performance.
The company reported a quarterly earnings per share (EPS) of $0.67, exceeding analysts' expectations of $0.61, which reflects strong operational performance and profitability.
With a current stock price of $43.53, Baker Hughes is positioned well within its 12-month trading range, having a low of $28.32 and a high of $45.17, suggesting potential for growth.
The firm has a solid market capitalization of $43.07 billion, which provides stability and resources for future investments and growth opportunities.
Baker Hughes has a price-to-earnings (P/E) ratio of 19.52, which is reasonable compared to industry standards, indicating that the stock may be fairly valued relative to its earnings.

Baker Hughes
Bear Case

Investors should be bearish about investing in Baker Hughes for these reasons:

The company reported revenue of $6.91 billion, which fell short of analyst expectations of $7.21 billion, indicating potential challenges in meeting market demand.
Baker Hughes has a debt-to-equity ratio of 0.37, which, while not excessively high, suggests that the company does carry some debt that could impact financial flexibility.
The stock has a beta of 1.38, indicating higher volatility compared to the market, which could lead to greater risk for investors during market fluctuations.
Despite a positive EPS report, the net margin of 8.20% suggests that there may be pressures on profitability that could affect future earnings.
The company's quick ratio of 0.88 indicates that it may struggle to meet short-term liabilities without selling inventory, which could be a concern for liquidity.

BKR Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Baker Hughes is $44.76, with a high forecast of $50.00 and a low forecast of $38.00.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last twelve months. There are currently 2 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BKR shares.
: According to analysts, Baker Hughes's stock has a predicted upside of 8.36% based on their 12-month stock forecasts.
: Over the previous 90 days, Baker Hughes's stock had 2 upgrades by analysts.
: Baker Hughes has been rated by research analysts at Argus, Barclays, Benchmark, BMO Capital Markets, Citigroup, Morgan Stanley, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Baker Hughes more than other "oils/energy" companies. The consensus rating score for Baker Hughes is 2.89 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how BKR compares to other companies.

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This page (NASDAQ:BKR) was last updated on 12/8/2024 by MarketBeat.com Staff

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Baker Hughes (BKR) Stock Forecast & Price Target