Baker Hughes Company (BKR)
NASDAQ: BKR · IEX Real-Time Price · USD
34.69
-0.25 (-0.72%)
At close: Jul 2, 2024, 4:00 PM
34.96
+0.27 (0.78%)
After-hours: Jul 2, 2024, 6:37 PM EDT
Baker Hughes Company Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for BKR stock have an average target of 40.77, with a low estimate of 36 and a high estimate of 47. The average target predicts an increase of 17.53% from the current stock price of 34.69.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for BKR stock from 14 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 6 |
| Buy | 8 | 8 | 8 | 5 | 5 | 5 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 13 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $45 → $46 | Strong Buy | Maintains | $45 → $46 | +32.60% | Jun 28, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $40 | Strong Buy | Reiterates | $40 | +15.31% | Apr 24, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $40 | Buy | Maintains | $40 | +15.31% | Apr 8, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $39 | Buy | Reiterates | $39 | +12.42% | Feb 1, 2024 |
| Wolfe Research | Wolfe Research | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Jan 29, 2024 |
Financial Forecast
Revenue This Year
27.81B
from 25.51B
Increased by 9.05%
Revenue Next Year
29.65B
from 27.81B
Increased by 6.59%
EPS This Year
2.07
from 1.91
Increased by 8.58%
EPS Next Year
2.55
from 2.07
Increased by 22.91%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29.2B | 31.8B | 33.2B | 33.9B | 35.2B |
| Avg | 27.8B | 29.6B | 30.7B | 32.1B | 33.1B |
| Low | 26.3B | 27.5B | 27.0B | 30.6B | 31.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.7% | 14.2% | 12.1% | 10.6% | 9.8% |
| Avg | 9.0% | 6.6% | 3.5% | 4.7% | 3.0% |
| Low | 3.0% | -1.1% | -9.0% | -0.1% | -2.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.28 | 3.06 | 3.51 | 3.65 | 4.03 |
| Avg | 2.07 | 2.55 | 2.93 | 3.19 | 3.45 |
| Low | 1.18 | 1.49 | 1.76 | 2.78 | 2.94 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.3% | 47.3% | 37.6% | 24.9% | 26.3% |
| Avg | 8.6% | 22.9% | 14.8% | 9.1% | 8.2% |
| Low | -38.0% | -28.0% | -31.0% | -4.9% | -7.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.