NOV Inc. (NOV)

NOV Inc. Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for NOV Inc. stock have an average target of 20.36, with a low estimate of 12 and a high estimate of 25. The average target predicts an increase of 44.71% from the current stock price of 14.07.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$12	$20.36	$21	$25
Change	-14.71%	+44.71%	+49.25%	+77.68%

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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	4	4	3	4	3	3
Buy	5	5	4	4	4	4
Hold	4	4	3	4	5	6
Sell	1	1	2	2	2	2
Strong Sell	1	1	0	0	0	0
Total	15	15	12	14	14	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Anderson Barclays	Barclays	Sell Maintains $16 → $12	Sell	Maintains	$16 → $12	-14.71%	Dec 18, 2024
Waqar Syed ATB Capital	ATB Capital	Buy → Hold Downgrades $19	Buy → Hold	Downgrades	$19	+35.04%	Dec 10, 2024
Scott Gruber Citigroup	Citigroup	Strong Buy → Hold Downgrades $21 → $18	Strong Buy → Hold	Downgrades	$21 → $18	+27.93%	Nov 11, 2024
Roger Read Wells Fargo	Wells Fargo	Sell Maintains $16 → $15	Sell	Maintains	$16 → $15	+6.61%	Nov 4, 2024
David Anderson Barclays	Barclays	Sell Maintains $17 → $16	Sell	Maintains	$17 → $16	+13.72%	Oct 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

8.92B

Increased by 3.87%

from 8.58B

Revenue Next Year

9.10B

Increased by 2.11%

from 8.92B

EPS This Year

1.52

Decreased by -39.12%

from 2.50

EPS Next Year

1.57

Increased by 3.45%

from 1.52

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	8.92B	9.10B	9.42B
Revenue Growth	0.31%	-28.18%	-9.29%	31.01%	18.60%	3.87%	2.11%	3.43%
EPS	-15.96	-6.62	-0.65	0.39	2.50	1.52	1.57	1.72
EPS Growth	-	-	-	-	541.03%	-39.12%	3.45%	8.96%
Forward PE	-	-	-	-	-	9.24	8.94	8.20
No. Analysts	-	-	-	-	-	26	25	17

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	9.4B	10.1B	10.3B
Avg	8.9B	9.1B	9.4B
Low	8.6B	8.6B	8.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	9.7%	13.8%	13.2%
Avg	3.9%	2.1%	3.4%
Low	-	-3.5%	-3.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	1.93	2.44	2.11
Avg	1.52	1.57	1.72
Low	1.22	1.26	1.41

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	-22.7%	60.0%	34.0%
Avg	-39.1%	3.5%	9.0%
Low	-51.4%	-16.9%	-10.4%

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.