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Baker Hughes (BKR) Stock Forecast & Price Target

$34.50
-0.01 (-0.03%)
(As of 07/12/2024 ET)

Baker Hughes - Analysts' Recommendations and Stock Price Forecast (2024)

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

Consensus Price Target

$41.27
19.61% Upside
High Forecast$49.00
Average Forecast$41.27
Low Forecast$36.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
11 Buy rating(s)
12 Buy rating(s)
16 Buy rating(s)
Hold
3 Hold rating(s)
3 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$41.27$41.13$40.87$35.95
Forecasted Upside19.61% Upside23.68% Upside23.38% Upside24.38% Upside
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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.
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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.
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Baker Hughes Stock vs. The Competition

TypeBaker HughesOils/Energy CompaniesS&P 500
Consensus Rating Score
2.80
2.57
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside19.61% Upside303.16% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/28/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$45.00 ➝ $46.00+30.68%
4/24/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$40.00+22.59%
4/23/2024UBS Group
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 Boost Target$35.00 ➝ $36.00+9.32%
4/23/2024The Goldman Sachs Group
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 Boost Target$36.00 ➝ $38.00+15.40%
4/23/2024Morgan Stanley
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 Boost Target$40.00 ➝ $43.00+30.58%
4/8/2024Susquehanna
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 Reiterated RatingPositive ➝ Positive$40.00+16.08%
2/1/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$39.00+36.41%
1/29/2024Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
1/26/2024Barclays
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 Lower TargetOverweight ➝ Overweight$43.00 ➝ $42.00+38.98%
1/26/2024Citigroup
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 Lower TargetBuy ➝ Buy$42.00 ➝ $41.00+35.49%
1/25/2024TD Cowen
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 Boost TargetOutperform$46.00 ➝ $49.00+63.12%
10/3/2023Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$37.00 ➝ $36.00+4.17%
9/11/2023Piper Sandler
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 Boost TargetOverweight ➝ Overweight$43.00 ➝ $47.00+26.34%
7/24/2023Bank of America
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 Boost TargetBuy$38.00 ➝ $40.00+11.83%
7/21/2023HSBC
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 Boost TargetBuy$40.00 ➝ $43.00+24.06%
7/20/2023Stifel Nicolaus
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 Boost TargetBuy$37.00 ➝ $39.00+10.80%
6/7/2023Capital One Financial
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D. Becker
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Initiated CoverageOverweight$38.00+23.42%
4/20/2023Evercore ISI
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 Boost TargetOutperform$37.00 ➝ $38.00+24.35%
3/15/2023JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$32.00+12.83%
2/2/2023BMO Capital Markets
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 Boost TargetOutperform$33.00 ➝ $36.00+12.57%
10/20/2022ATB Capital
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 Lower Target$37.00+42.58%
7/21/2022Seaport Res Ptn
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T. Curran
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Reiterated RatingBuy
7/21/2022Susquehanna Bancshares
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 Lower TargetPositive$39.00 ➝ $35.00+35.19%
7/21/2022Stephens
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 Lower Target$40.00 ➝ $32.00+23.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:12 PM ET.

BKR Forecast - Frequently Asked Questions

What is Baker Hughes' forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Baker Hughes is $41.27, with a high forecast of $49.00 and a low forecast of $36.00.

Should I buy or sell Baker Hughes stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BKR shares.

Does Baker Hughes's stock price have much upside?

According to analysts, Baker Hughes's stock has a predicted upside of 23.75% based on their 12-month stock forecasts.

What analysts cover Baker Hughes?

Baker Hughes has been rated by research analysts at Benchmark, Jefferies Financial Group, Morgan Stanley, The Goldman Sachs Group, and UBS Group in the past 90 days.

Do Wall Street analysts like Baker Hughes more than its competitors?

Analysts like Baker Hughes more than other "oils/energy" companies. The consensus rating score for Baker Hughes is 2.80 while the average consensus rating score for "oils/energy" companies is 2.57. Learn more on how BKR compares to other companies.


This page (NASDAQ:BKR) was last updated on 7/13/2024 by MarketBeat.com Staff

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