NOV Inc. (NOV)
NYSE: NOV · Real-Time Price · USD
16.26
+0.27 (1.69%)
At close: Nov 20, 2024, 4:00 PM
16.24
-0.02 (-0.12%)
Pre-market: Nov 21, 2024, 5:01 AM EST
NOV Inc. Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for NOV Inc. stock have an average target of 20.77, with a low estimate of 15 and a high estimate of 25. The average target predicts an increase of 27.74% from the current stock price of 16.26.
Analyst Consensus: Buy
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 3 | 4 | 3 |
| Buy | 5 | 5 | 5 | 4 | 4 | 4 |
| Hold | 6 | 4 | 4 | 3 | 4 | 5 |
| Sell | 0 | 1 | 1 | 2 | 2 | 2 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 16 | 15 | 15 | 12 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy → Hold Downgrades $21 → $18 | Strong Buy → Hold | Downgrades | $21 → $18 | +10.70% | Nov 11, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $16 → $15 | Sell | Maintains | $16 → $15 | -7.75% | Nov 4, 2024 |
| Barclays | Barclays | Sell Maintains $17 → $16 | Sell | Maintains | $17 → $16 | -1.60% | Oct 29, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $28 → $22 | Strong Buy | Maintains | $28 → $22 | +35.30% | Oct 28, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $22 → $21 | Buy | Maintains | $22 → $21 | +29.15% | Oct 28, 2024 |
Financial Forecast
Revenue This Year
8.92B
from 8.58B
Increased by 3.91%
Revenue Next Year
9.12B
from 8.92B
Increased by 2.22%
EPS This Year
1.51
from 2.50
Decreased by -39.54%
EPS Next Year
1.58
from 1.51
Increased by 4.60%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.4B | 10.1B | 10.3B | ||
| Avg | 8.9B | 9.1B | 9.5B | ||
| Low | 8.6B | 8.6B | 8.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.7% | 13.7% | 13.1% | ||
| Avg | 3.9% | 2.2% | 3.9% | ||
| Low | - | -3.5% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.93 | 2.44 | 2.11 | ||
| Avg | 1.51 | 1.58 | 1.74 | ||
| Low | 1.22 | 1.26 | 1.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -22.7% | 61.2% | 33.5% | ||
| Avg | -39.5% | 4.6% | 10.1% | ||
| Low | -51.4% | -16.4% | -10.7% |
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.