Baker Hughes (BKR) PT Raised to $65 at BofA Securities

BofA Securities analyst Saurabh Pant raised the price target on Baker Hughes (NASDAQ: BKR) to $65.00 (from $55.00) while maintaining a Buy rating.

The analyst comments "We attended BKR’s 2026 Annual Meeting (AM) in Florence, Italy last week, with in-depth access to its management teams, manufacturing facilities & key customers. Key is that IET is going beyond LNG and into gas compression, clean energy, industrial technology & power systems. This is reflected in non-LNG Equipment orders growing at a CAGR of 21% in 2023-25 to 85% of total IET orders in 2024/25. Note, BKR sees Power Systems as a $100bn+ annual market opportunity by 2030 (vs. $2.5bn orders in 2025), including estimated $25bn+ TAM for behind-the-meter (BTM) power."

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