Baker Hughes (BKR) Stock Forecast & Price Target

$40.32 +0.52 (+1.31%)

(As of 12/20/2024 05:31 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 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

$47.00
16.57% Upside

According to the 20 analysts' twelve-month price targets for Baker Hughes, the average price target is $47.00. 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 16.57% from the current price of $40.32.

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BKR Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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	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	$47.00	$44.59	$43.19	$39.56
Forecasted Upside	16.57% Upside	0.76% Upside	18.48% Upside	15.95% 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	2.85	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	16.57% Upside	1,671.86% Upside	14.53% 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
12/19/2024	Piper Sandler 2 of 5 stars		Initiated Coverage	Overweight	$53.00	+32.37%
12/18/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$46.00 ➝ $52.00	+25.09%
12/18/2024	Bank of America 3 of 5 stars		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
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.
11/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $48.00	+10.37%
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	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%
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 04:42 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 Friday, December 13, 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 recently reported earnings of $0.67 per share, exceeding analysts' expectations of $0.61, indicating strong financial performance and effective management.
The company has a market capitalization of approximately $41.89 billion, reflecting its significant size and stability in the energy sector.
With a current stock price of $42.33, Baker Hughes is positioned within a 52-week range of $28.32 to $45.17, suggesting potential for growth as it approaches its high.
Institutional investors hold 92.06% of Baker Hughes' stock, which often indicates confidence in the company's long-term prospects and stability.
Analysts have a consensus rating of "Moderate Buy" with an average target price of $45.12, suggesting that there is expected upside in the stock price.

Baker Hughes
Bear Case

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

The company reported revenue of $6.91 billion for the latest quarter, which fell short of the consensus estimate of $7.21 billion, indicating potential challenges in meeting market expectations.
Baker Hughes has a quick ratio of 0.88, which is below 1, suggesting potential liquidity issues in covering short-term liabilities without selling inventory.
Despite a positive earnings report, the company's net margin of 8.20% may indicate limited profitability compared to competitors in the industry.
Recent price target adjustments by analysts, including a reduction from $42.00 to $40.00 by UBS Group, may reflect concerns about the company's growth trajectory.
The stock has a beta of 1.40, indicating higher volatility compared to the market, which could pose risks for more conservative investors.

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 $47.00, with a high forecast of $53.00 and a low forecast of $40.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Baker Hughes in the last twelve months. There are currently 3 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 16.57% based on their 12-month stock forecasts.
: Over the previous 90 days, Baker Hughes's stock had 2 upgrades and 1 downgrade by analysts.
: Baker Hughes has been rated by research analysts at Argus, Atb Cap Markets, Bank of America, Barclays, Benchmark, BMO Capital Markets, Citigroup, Morgan Stanley, Piper Sandler, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, 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 2.63. Learn more on how BKR compares to other companies.

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This page (NASDAQ:BKR) was last updated on 12/22/2024 by MarketBeat.com Staff

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Baker Hughes (BKR) Stock Forecast & Price Target