NESR Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for NESR stock have an average target of 14, with a low estimate of 13 and a high estimate of 15. The average target predicts an increase of 69.90% from the current stock price of 8.24.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$13	$14	$15	$15
Change	+57.77%	+69.90%	+82.04%	+82.04%

Analyst Ratings

The average analyst rating for NESR stock from 2 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	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	1	1	1
Buy	0	0	0	0	1
Hold	1	1	0	0	0
Sell	0	0	0	0	0
Strong Sell	0	0	0	0	0
Total	1	1	1	1	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sean Meakim JP Morgan	JP Morgan	Buy Initiates $13	Buy	Initiates	$13	+57.77%	Dec 6, 2024
Greg Lewis BTIG	BTIG	Strong Buy Initiates $15	Strong Buy	Initiates	$15	+82.04%	Oct 25, 2024
Dan Payne National Bank Of Canada	National Bank Of Canada	Buy → Hold Downgrades $14 → $11	Buy → Hold	Downgrades	$14 → $11	+33.50%	Apr 25, 2022
David Anderson Barclays	Barclays	Buy Initiates $13	Buy	Initiates	$13	+57.77%	Jan 13, 2020

More Analyst Ratings

Financial Forecast

Revenue This Year

1.30B

from 1.15B

13.71%

from 1.15B

Revenue Next Year

1.40B

from 1.30B

7.75%

from 1.30B

EPS This Year

0.79

from 0.13

504.16%

from 0.13

EPS Next Year

1.24

from 0.79

58.44%

from 0.79

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	658.39M	834.15M	876.73M	909.52M	1.15B	1.30B	1.40B
Revenue Growth	10.17%	26.70%	5.10%	3.74%	25.99%	13.71%	7.75%
EPS	0.45	0.18	-0.71	-0.39	0.13	0.79	1.24
EPS Growth	-34.38%	-60.11%	-	-	-	504.16%	58.44%
Forward PE	-	-	-	-	-	10.49	6.62
No. Analysts	-	-	-	-	-	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	1.3B	1.4B
Avg	1.3B	1.4B
Low	1.3B	1.3B

Revenue Growth

Revenue Growth	2024	2025
High	17.0%	10.9%
Avg	13.7%	7.8%
Low	9.3%	3.5%

EPS Forecast

EPS	2024	2025
High	0.81	1.28
Avg	0.79	1.24
Low	0.75	1.20

EPS Growth

EPS Growth	2024	2025
High	521.9%	63.1%
Avg	504.2%	58.4%
Low	480.5%	52.2%

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.