NOV Inc. Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for NOV Inc. stock have an average target of 23.79, with a low estimate of 18 and a high estimate of 28. The average target predicts an increase of 28.73% from the current stock price of 18.48.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$18	$23.79	$25	$28
Change	-2.60%	+28.73%	+35.28%	+51.52%

* Price targets were last updated on Apr 29, 2024.

Analyst Ratings

The average analyst rating for NOV Inc. stock from 15 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	3	4	4	4	4
Buy	5	5	5	5	5	5
Hold	6	6	6	6	6	5
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	15	15	16	16	16	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Marc Bianchi TD Cowen	TD Cowen	Strong Buy Maintains $27 → $26	Strong Buy	Maintains	$27 → $26	+40.69%	Apr 29, 2024
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $26	Buy	Maintains	$26	+40.69%	Apr 8, 2024
Luke Lemoine Piper Sandler	Piper Sandler	Hold Maintains $25 → $22	Hold	Maintains	$25 → $22	+19.05%	Feb 20, 2024
Keith Mackey RBC Capital	RBC Capital	Hold Reiterates $24	Hold	Reiterates	$24	+29.87%	Feb 6, 2024
Stephen Gengaro Stifel	Stifel	Strong Buy Maintains $28 → $26	Strong Buy	Maintains	$28 → $26	+40.69%	Feb 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.15B

from 8.58B

6.62%

from 8.58B

Revenue Next Year

9.75B

from 9.15B

6.53%

from 9.15B

EPS This Year

1.57

from 2.50

-37.31%

from 2.50

EPS Next Year

1.88

from 1.57

19.85%

from 1.57

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	8.48B	6.09B	5.52B	7.24B	8.58B	9.15B	9.75B	10.18B	10.42B	10.75B
Revenue Growth	0.31%	-28.18%	-9.29%	31.01%	18.60%	6.62%	6.53%	4.46%	2.30%	3.15%
EPS	-15.96	-6.62	-0.65	0.39	2.50	1.57	1.88	2.20	2.01	2.14
EPS Growth	-	-	-	-	541.03%	-37.31%	19.85%	16.94%	-8.50%	6.28%
Forward PE	-	-	-	-	-	11.79	9.84	8.41	9.19	8.65
No. Analysts	-	-	-	-	-	27	25	8	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	9.7B	10.5B	11.1B	10.8B	11.4B
Avg	9.2B	9.7B	10.2B	10.4B	10.7B
Low	8.7B	9.1B	9.4B	10.1B	10.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.9%	14.9%	14.2%	6.5%	9.0%
Avg	6.6%	6.5%	4.5%	2.3%	3.1%
Low	1.5%	-0.4%	-3.6%	-0.9%	-1.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.88	2.32	2.77	2.13	2.36
Avg	1.57	1.88	2.20	2.01	2.14
Low	1.35	1.46	1.71	1.91	1.94

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-24.6%	48.1%	47.2%	-3.0%	17.5%
Avg	-37.3%	19.9%	16.9%	-8.5%	6.3%
Low	-45.9%	-6.8%	-9.2%	-13.0%	-3.5%

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.