Baker Hughes (BKR) Stock Forecast & Price Target

$46.54 +0.21 (+0.45%)

As of 01/17/2025 04:00 PM Eastern

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 20 Analyst Ratings

Sell
0

Hold
3

Buy
17

Based on 20 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 20 analysts, 3 have given a hold rating, and 17 have given a buy rating for BKR.

Consensus Price Target

$47.53
2.13% Upside

According to the 20 analysts' twelve-month price targets for Baker Hughes, the average price target is $47.53. The highest price target for BKR is $53.00, while the lowest price target for BKR is $40.00. The average price target represents a forecasted upside of 2.13% from the current price of $46.54.

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BKR Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
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)	16 Buy rating(s)	12 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 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	$47.53	$47.00	$43.59	$39.80
Forecasted Upside	2.13% Upside	16.57% Upside	21.15% Upside	29.64% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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	2.85	2.61	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	2.13% Upside	1,831.94% Upside	12.44% 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
1/15/2025	Evercore ISI 2 of 5 stars	James West Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$46.00 ➝ $52.00	+14.49%
1/8/2025	TD Cowen 5 of 5 stars		Lower Target	Buy ➝ Buy	$53.00 ➝ $51.00	+18.11%
1/3/2025	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$48.00 ➝ $50.00	+18.04%
12/19/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$53.00	+32.37%
12/18/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$46.00 ➝ $52.00	+25.09%
12/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$42.00 ➝ $48.00	+15.91%
12/17/2024	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	Boost Target	Overweight ➝ Overweight	$42.00 ➝ $49.00	+19.63%
12/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$43.00 ➝ $49.00	+16.09%
12/10/2024	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Syed Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $48.00	+10.37%
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.
11/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$42.00 ➝ $50.00	+16.60%
10/25/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	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	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$42.00 ➝ $42.00	+15.04%
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%
9/18/2024	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	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%
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 Monday at 03:48 PM 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, January 14, 2025. 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 received multiple recent upgrades from analysts, with price targets raised significantly, indicating strong market confidence. For instance, Wells Fargo raised its target from $42.00 to $49.00, suggesting a potential upside of 18.33% from the current price.
The stock is currently trading at $41.41, which is near its 52-week high of $45.17, reflecting strong performance and investor interest.
Seventeen analysts have issued a buy rating for Baker Hughes, showcasing a consensus view of positive growth potential in the near term.
The company has a solid market capitalization of approximately $40.98 billion, which indicates stability and the ability to invest in growth opportunities.
Baker Hughes has a favorable price-to-earnings (P/E) ratio of 18.57, which is competitive in the industry, suggesting that the stock may be undervalued relative to its earnings potential.

Baker Hughes
Bear Case

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

Despite recent upgrades, the stock has shown volatility, trading down $0.39 recently, which may indicate uncertainty in the market.
There are three analysts who have rated the stock with a hold rating, suggesting that not all market participants are confident in its immediate growth prospects.
The company has a quick ratio of 0.88, which is below 1, indicating potential liquidity issues that could affect its ability to meet short-term obligations.
While the debt-to-equity ratio is relatively low at 0.37, any increase in debt levels could pose risks to financial stability, especially in a fluctuating market.
Recent price target adjustments have varied, with some analysts lowering their expectations, such as UBS Group reducing their target from $42.00 to $40.00, which may reflect concerns about future performance.

BKR Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Baker Hughes is $47.53, with a high forecast of $53.00 and a low forecast of $40.00.
: 20 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 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BKR shares.
: According to analysts, Baker Hughes's stock has a predicted upside of 2.13% based on their 12-month stock forecasts.
: Over the previous 90 days, Baker Hughes's stock had 1 upgrade and 1 downgrade by analysts.
: Baker Hughes has been rated by research analysts at Argus, Atb Cap Markets, Bank of America, Barclays, Benchmark, Citigroup, Evercore ISI, Jefferies Financial Group, Piper Sandler, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, TD Cowen, 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 2.85 while the average consensus rating score for "oils/energy" companies is 2.61. Learn more on how BKR compares to other companies.

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This page (NASDAQ:BKR) was last updated on 1/20/2025 by MarketBeat.com Staff

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Baker Hughes (BKR) Stock Forecast & Price Target