Stifel analyst Stephen Gengaro raised the price target on Cactus, Inc. (NYSE: WHD) to $66.00 (from $59.00) while maintaining a Buy rating.

The analyst comments "Following a strong start to 2026 and our expectations for improving upstream activity over the next few years, we are reiterating our Buy on WHD and lifting our target price to $66 from $59. The solid quarter was underpinned by higher-than-expected Spoolable Technologies performance and solid Pressure Control results despite Middle East headwinds. We believe when the Iran War ends, the setup for global upstream activity is very positive and bodes well for WHD's U.S. business as well as Cactus international. Management now anticipates Cactus International synergies of approximately $15 million on an annualized basis, reflecting a 50% increase."