Baker Hughes (BKR) Stock Forecast & Price Target

$34.73

+0.75 (+2.21%)

(As of 09/17/2024 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

Moderate Buy
Based on 17 Analyst Ratings

Based on 17 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 17 analysts, 3 have given a hold rating, and 14 have given a buy rating for BKR.

Consensus Price Target

$43.31
24.71% Upside

High Forecast	$50.00
Average Forecast	$43.31
Low Forecast	$38.00

According to the 17 analysts' twelve-month price targets for Baker Hughes, the average price target is $43.31. 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 24.71% from the current price of $34.73.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
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	14 Buy rating(s)	14 Buy rating(s)	11 Buy rating(s)	15 Buy rating(s)
Hold	3 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	$43.31	$43.00	$41.13	$38.44
Forecasted Upside	24.71% Upside	19.12% Upside	23.68% Upside	19.16% 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.

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	2.82	2.59	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	24.71% Upside	196.86% Upside	7.67% Upside
News Sentiment Rating	Neutral 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
9/16/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$43.00 ➝ $42.00	+24.56%
8/20/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$40.00 ➝ $42.00	+19.45%
7/29/2024	Evercore ISI 2 of 5 stars		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	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$39.00 ➝ $43.00	+13.85%
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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	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$35.00 ➝ $40.00	+5.29%
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%
7/29/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$40.00 ➝ $45.00	+19.52%
7/29/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$40.00 ➝ $46.00	+22.18%
7/26/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$40.00 ➝ $40.00	+7.76%
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
1/26/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$43.00 ➝ $42.00	+38.98%
1/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$42.00 ➝ $41.00	+35.49%
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%
2/2/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$33.00 ➝ $36.00	+12.57%
10/20/2022	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$37.00	+42.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:46 PM ET.

BKR Forecast - Frequently Asked Questions

What is Baker Hughes' forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Baker Hughes is $43.31, with a high forecast of $50.00 and a low forecast of $38.00.
Should I buy or sell Baker Hughes stock right now?: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last twelve months. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities 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 19.98% based on their 12-month stock forecasts.
What analysts cover Baker Hughes?: Baker Hughes has been rated by research analysts at Bank of America, Benchmark, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company 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 2.82 while the average consensus rating score for "oils/energy" companies is 2.59. Learn more on how BKR compares to other companies.