Noble Corporation (NE)
NYSE: NE · IEX Real-Time Price · USD
46.05
-1.06 (-2.25%)
Apr 24, 2024, 4:00 PM EDT - Market closed
Noble Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Noble stock have an average target of 59.86, with a low estimate of 50 and a high estimate of 72. The average target predicts an increase of 29.99% from the current stock price of 46.05.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Noble stock from 7 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Hold Maintains $44 → $51 | Hold | Maintains | $44 → $51 | +10.75% | Apr 8, 2024 |
| Barclays | Barclays | Buy Maintains $61 → $59 | Buy | Maintains | $61 → $59 | +28.12% | Mar 5, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $52 → $44 | Hold | Maintains | $52 → $44 | -4.45% | Feb 26, 2024 |
| Barclays | Barclays | Buy Maintains $64 → $61 | Buy | Maintains | $64 → $61 | +32.46% | Feb 14, 2024 |
| Susquehanna | Susquehanna | Hold Initiates $52 | Hold | Initiates | $52 | +12.92% | Dec 1, 2023 |
Financial Forecast
Revenue This Year
2.92B
from 2.59B
Increased by 12.90%
Revenue Next Year
2.74B
from 2.92B
Decreased by -6.19%
EPS This Year
5.89
from 3.32
Increased by 77.29%
EPS Next Year
3.59
from 5.89
Decreased by -38.97%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.0B | 3.3B | 3.5B |
| Avg | 2.7B | 3.1B | 3.4B |
| Low | 2.5B | 2.8B | 3.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.3% | 21.7% | 12.1% |
| Avg | 5.9% | 13.6% | 10.0% |
| Low | -3.5% | 1.8% | 4.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.61 | 7.67 | 9.36 |
| Avg | 3.59 | 5.98 | 7.53 |
| Low | 2.96 | 5.38 | 5.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 38.8% | 113.4% | 56.3% |
| Avg | 8.2% | 66.6% | 25.8% |
| Low | -10.7% | 49.8% | -8.8% |
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.