Halliburton (HAL) PT Raised to $38 at RBC Capital

RBC Capital analyst Keith Mackey raised the price target on Halliburton (NYSE: HAL) to $38.00 (from $36.00) while maintaining a Outperform rating.

The analyst comments "4Q25 results were ahead of our expectations on stronger C&P results, and its FY26 outlook is broadly in-line with consensus. Growth from increased oil extraction in Venezuela remains a potential wild card, but we await concrete details. We increase our 2026/27 adj. EBITDA estimates by 3%. Maintain Outperform rating with a $38 price target ($36 prior)."

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