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NOV (NOV) Stock Forecast & Price Target

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$14.50 +0.03 (+0.21%)
(As of 10:52 AM ET)

NOV - 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

Sell
2
Hold
7
Buy
8

Based on 17 Wall Street analysts who have issued ratings for NOV in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 2 have given a sell rating, 7 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for NOV.

Consensus Price Target

$20.14
38.92% Upside
According to the 17 analysts' twelve-month price targets for NOV, the average price target is $20.14. The highest price target for NOV is $25.00, while the lowest price target for NOV is $12.00. The average price target represents a forecasted upside of 38.92% from the current price of $14.50.
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NOV Analyst Ratings Over Time

TypeCurrent Forecast
12/31/23 to 12/30/24
1 Month Ago
12/1/23 to 11/30/24
3 Months Ago
10/2/23 to 10/1/24
1 Year Ago
12/31/22 to 12/31/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
Hold
7 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$20.14$21.64$24.00$24.94
Forecasted Upside38.92% Upside35.10% Upside48.10% Upside22.97% Upside
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold

NOV 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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NOV 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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NOV Stock vs. The Competition

TypeNOVOils/Energy CompaniesS&P 500
Consensus Rating Score
2.41
2.63
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside39.20% Upside1,520.34% Upside14.07% Upside
News Sentiment Rating
Neutral News

See Recent NOV News
Positive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/19/2024Piper Sandler
2 of 5 stars
 Initiated CoverageNeutral$17.00+19.80%
12/18/2024Barclays
3 of 5 stars
 Lower TargetUnderweight ➝ Underweight$16.00 ➝ $12.00-18.20%
12/10/2024Atb Cap Markets
5 of 5 stars
W. Syed
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DowngradeStrong-Buy ➝ Hold
12/10/2024ATB Capital
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 Reiterated RatingOutperform ➝ Sector Perform$19.00 ➝ $19.00+24.67%
11/11/2024Citigroup
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S. Gruber
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DowngradeBuy ➝ Neutral$21.00 ➝ $18.00+10.57%
11/4/2024Wells Fargo & Company
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R. Read
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Lower TargetUnderweight ➝ Underweight$16.00 ➝ $15.00-1.12%
10/28/2024Susquehanna
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 Lower TargetPositive ➝ Positive$22.00 ➝ $21.00+33.50%
10/28/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$25.00 ➝ $24.00+52.57%
10/28/2024TD Cowen
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 Lower TargetBuy ➝ Buy$28.00 ➝ $22.00+44.74%
10/14/2024Bank of America
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 Lower TargetBuy ➝ Buy$22.00 ➝ $20.00+23.30%
10/10/2024BMO Capital Markets
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P. Jungwirth
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Lower TargetMarket Perform ➝ Market Perform$22.00 ➝ $20.00+23.99%
10/3/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$23.00 ➝ $22.00+35.14%
9/16/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$25.00 ➝ $23.00+44.56%
7/29/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$24.00 ➝ $24.00+22.08%
7/26/2024Evercore ISI
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J. West
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UpgradeStrong-Buy
7/26/2024Benchmark
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 Reiterated RatingHold
2/5/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$28.00 ➝ $25.00+41.88%
8/9/2023The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$16.00 ➝ $18.00-12.15%
7/14/2023Capital One Financial
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D. Becker
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Initiated CoverageEqual Weight$20.00+8.23%
2/8/2023Cowen
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 Boost TargetOutperform$26.00 ➝ $27.00+16.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:08 AM ET.


NOV Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for NOV is $20.14, with a high forecast of $25.00 and a low forecast of $12.00.

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NOV in the last twelve months. There are currently 2 sell ratings, 7 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NOV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOV, but not buy additional shares or sell existing shares.

According to analysts, NOV's stock has a predicted upside of 38.92% based on their 12-month stock forecasts.

Over the previous 90 days, NOV's stock had 2 downgrades by analysts.

Analysts like NOV less than other "oils/energy" companies. The consensus rating for NOV is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how NOV compares to other companies.


This page (NYSE:NOV) was last updated on 12/30/2024 by MarketBeat.com Staff
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