Baker Hughes Announces Fourth-Quarter and Full-Year 2024 Results
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Baker Hughes (BKR) PT Raised to $52 at JPMorgan
February 3, 2025 5:23 AM ESTJPMorgan analyst Arun Jayaram raised the price target on Baker Hughes (NASDAQ: BKR) to $52.00 (from $50.00) while maintaining a Overweight rating.
The analyst comments "As a result of the deceleration of global upstream spending patterns, it has been a difficult stock picking environment for growth oriented investors within OFS. As we highlighted in our 2025 OFS and Equipment Outlook (see link), we think companies that can demonstrate the most earnings resiliency (and growth potential) are best positioned to deliver alpha. Despite a relatively high bar heading into the print, it was a favorable update... More
CFRA Upgrades Baker Hughes (BKR) to Buy
January 31, 2025 12:15 PM ESTCFRA analyst Stewar upgraded Baker Hughes (NASDAQ: BKR) from Hold to Buy with a price target of $54.00 (from $39.00).
The analyst comments "Our 12-month target of $54, up $15, reflects a 10x multiple of enterprise value to projected 2026 EBITDA. The applied multiple is a premium to BKR's... More
