NOV Inc. Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for NOV Inc. stock have an average target of 21.08, with a low estimate of 16 and a high estimate of 25. The average target predicts an increase of 37.33% from the current stock price of 15.35.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$16	$21.08	$21	$25
Change	+4.23%	+37.33%	+36.81%	+62.87%

Analyst Ratings

The average analyst rating for NOV Inc. stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	4	4	4	4	3	4
Buy	5	5	5	5	4	4
Hold	6	6	4	4	3	4
Sell	0	0	1	1	2	2
Strong Sell	1	1	1	1	0	0
Total	16	16	15	15	12	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Anderson Barclays	Barclays	Sell Maintains $17 → $16	Sell	Maintains	$17 → $16	+4.23%	Oct 29, 2024
Marc Bianchi TD Cowen	TD Cowen	Strong Buy Maintains $28 → $22	Strong Buy	Maintains	$28 → $22	+43.32%	Oct 28, 2024
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $22 → $21	Buy	Maintains	$22 → $21	+36.81%	Oct 28, 2024
Stephen Gengaro Stifel	Stifel	Strong Buy Maintains $25 → $24	Strong Buy	Maintains	$25 → $24	+56.35%	Oct 28, 2024
David Anderson Barclays	Barclays	Sell Maintains $20 → $17	Sell	Maintains	$20 → $17	+10.75%	Oct 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.09B

from 8.58B

5.94%

from 8.58B

Revenue Next Year

9.68B

from 9.09B

6.48%

from 9.09B

EPS This Year

1.64

from 2.50

-34.21%

from 2.50

EPS Next Year

1.83

from 1.64

11.50%

from 1.64

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	8.48B	6.09B	5.52B	7.24B	8.58B	9.09B	9.68B	10.11B
Revenue Growth	0.31%	-28.18%	-9.29%	31.01%	18.60%	5.94%	6.48%	4.45%
EPS	-15.96	-6.62	-0.65	0.39	2.50	1.64	1.83	2.09
EPS Growth	-	-	-	-	541.03%	-34.21%	11.50%	14.17%
Forward PE	-	-	-	-	-	9.33	8.37	7.33
No. Analysts	-	-	-	-	-	26	25	11

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

Revenue Forecast

Revenue	2024	2025	2026
High	9.7B	10.5B	11.1B
Avg	9.1B	9.7B	10.1B
Low	8.7B	9.1B	9.4B

Revenue Growth

Revenue Growth	2024	2025	2026
High	12.9%	15.3%	14.3%
Avg	5.9%	6.5%	4.5%
Low	1.9%	-0.0%	-2.9%

EPS Forecast

EPS	2024	2025	2026
High	2.35	2.27	2.52
Avg	1.64	1.83	2.09
Low	1.19	1.46	1.65

EPS Growth

EPS Growth	2024	2025	2026
High	-5.9%	37.9%	37.4%
Avg	-34.2%	11.5%	14.2%
Low	-52.4%	-11.2%	-10.2%

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.