NOV (NOV) Stock Forecast & Price Target

$16.25 -0.36 (-2.17%)

(As of 11/25/2024 ET)

NOV - 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 16 Analyst Ratings

Sell
2

Hold
5

Buy
9

Based on 16 Wall Street analysts who have issued ratings for NOV in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 2 have given a sell rating, 5 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for NOV.

Consensus Price Target

$21.64
33.19% Upside

According to the 16 analysts' twelve-month price targets for NOV, the average price target is $21.64. The highest price target for NOV is $33.00, while the lowest price target for NOV is $15.00. The average price target represents a forecasted upside of 33.19% from the current price of $16.25.

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NOV Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$21.64	$22.57	$24.58	$24.00
Forecasted Upside	33.19% Upside	43.58% Upside	38.03% Upside	25.20% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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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.

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.

NOV Stock vs. The Competition

Type	NOV	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	32.78% Upside	1,546.03% Upside	6.31% Upside
News Sentiment Rating	Neutral News See Recent NOV 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
11/11/2024	Citigroup 3 of 5 stars	S. Gruber Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$21.00 ➝ $18.00	+10.57%
11/4/2024	Wells Fargo & Company 3 of 5 stars	R. Read Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$16.00 ➝ $15.00	-1.12%
10/29/2024	Barclays 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$17.00 ➝ $16.00	+3.93%
10/28/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$22.00 ➝ $21.00	+33.50%
10/28/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$25.00 ➝ $24.00	+52.57%
10/28/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$28.00 ➝ $22.00	+44.74%
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10/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$22.00 ➝ $20.00	+23.30%
10/10/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Jungwirth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform ➝ Market Perform	$22.00 ➝ $20.00	+23.99%
10/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$23.00 ➝ $22.00	+35.14%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$25.00 ➝ $23.00	+44.56%
7/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$24.00 ➝ $24.00	+22.08%
7/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. West Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/26/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
7/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$22.00 ➝ $20.00	+7.99%
2/5/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$28.00 ➝ $25.00	+41.88%
12/22/2023	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	$33.00	+60.51%
8/9/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$16.00 ➝ $18.00	-12.15%
7/14/2023	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	Equal Weight	$20.00	+8.23%
2/8/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$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 Tuesday at 02:53 AM ET.

NOV Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for NOV is $21.64, with a high forecast of $33.00 and a low forecast of $15.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NOV in the last year. There are currently 2 sell ratings, 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NOV shares.
: According to analysts, NOV's stock has a predicted upside of 33.19% based on their 12-month stock forecasts.
: Over the previous 90 days, NOV's stock had 2 downgrades by analysts.
: NOV has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, JPMorgan Chase & Co., Morgan Stanley, Stifel Nicolaus, Susquehanna, TD Cowen, and Wells Fargo & Company in the past 90 days.
: Analysts like NOV less than other "oils/energy" companies. The consensus rating score for NOV is 2.50 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how NOV compares to other companies.

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This page (NYSE:NOV) was last updated on 11/26/2024 by MarketBeat.com Staff

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NOV (NOV) Stock Forecast & Price Target