NOV (NOV) Stock Forecast & Price Target

$15.51

0.00 (0.00%)

(As of 10/31/2024 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
4

Buy
10

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, 4 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for NOV.

Consensus Price Target

$21.93
41.38% Upside

According to the 16 analysts' twelve-month price targets for NOV, the average price target is $21.93. The highest price target for NOV is $33.00, while the lowest price target for NOV is $16.00. The average price target represents a forecasted upside of 41.38% from the current price of $15.51.

NOV Analyst Ratings Over Time

Type	Current Forecast 11/2/23 to 11/1/24	1 Month Ago 10/3/23 to 10/2/24	3 Months Ago 8/4/23 to 8/3/24	1 Year Ago 11/2/22 to 11/2/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$21.93	$24.00	$24.08	$24.07
Forecasted Upside	41.38% Upside	48.93% Upside	28.82% Upside	17.54% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

🚀 Don't Miss the Explosive Stock Alert on Nov 14 (Ad)

Our Next stock alert is set to be released on NOV 14th. This NASDAQ Company has been revolutionizing the recycled waste space! This stock has been Rocking The Market since its IPO Earlier this year!!

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	Business Services Companies	S&P 500
Consensus Rating Score	2.56	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	41.38% Upside	334.20% Upside	10.65% 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
10/29/2024	Barclays 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$17.00 ➝ $16.00	+3.93%
10/28/2024	Susquehanna 2 of 5 stars		Lower Target	Positive ➝ Positive	$22.00 ➝ $21.00	+33.50%
10/28/2024	Stifel Nicolaus 4 of 5 stars		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%
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%
Urgent: This election is rigged (Ad) If you missed it, my emergency election broadcast is now available - but will be removed soon Click here to watch it now.
10/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$24.00 ➝ $21.00	+28.21%
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%
9/25/2024	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	Downgrade	Equal Weight ➝ Underweight	$20.00 ➝ $16.00	-4.53%
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%
11/7/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight	$25.00	+4.21%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:25 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 $21.93, with a high forecast of $33.00 and a low forecast of $16.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NOV in the last year. There are currently 2 sell ratings, 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NOV shares.
: According to analysts, NOV's stock has a predicted upside of 41.38% based on their 12-month stock forecasts.
: Over the previous 90 days, NOV's stock had 1 downgrade 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 "business services" companies. The consensus rating score for NOV is 2.56 while the average consensus rating score for "business services" companies is 2.68. Learn more on how NOV compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

🚀 Don't Miss the Explosive Stock Alert on Nov 14 (Ad)

Our Next stock alert is set to be released on NOV 14th. This NASDAQ Company has been revolutionizing the recycled waste space! This stock has been Rocking The Market since its IPO Earlier this year!!

This page (NYSE:NOV) was last updated on 11/1/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

NOV (NOV) Stock Forecast & Price Target