NOV Inc. (NOV)
NYSE: NOV · Real-Time Price · USD
15.35
-0.04 (-0.26%)
Oct 29, 2024, 4:00 PM EDT - Market closed

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 '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 444434
Buy 555544
Hold 664434
Sell 001122
Strong Sell 111100
Total 161615151214

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Barclays
Barclays
Sell
Maintains
$17$16
Sell Maintains $17$16 +4.23% Oct 29, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$28$22
Strong Buy Maintains $28$22 +43.32% Oct 28, 2024
Susquehanna
Susquehanna
Buy
Maintains
$22$21
Buy Maintains $22$21 +36.81% Oct 28, 2024
Stifel
Stifel
Strong Buy
Maintains
$25$24
Strong Buy Maintains $25$24 +56.35% Oct 28, 2024
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
Increased by 5.94%
Revenue Next Year
9.68B
from 9.09B
Increased by 6.48%
EPS This Year
1.64
from 2.50
Decreased by -34.21%
EPS Next Year
1.83
from 1.64
Increased by 11.50%
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
8.48B6.09B5.52B7.24B8.58B9.09B9.68B10.11B
Revenue Growth
0.31%-28.18%-9.29%31.01%18.60%5.94%6.48%4.45%
EPS
-15.96-6.62-0.650.392.501.641.832.09
EPS Growth
----541.03%-34.21%11.50%14.17%
Forward PE
-----9.338.377.33
No. Analysts -----262511
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
High
12.9%
15.3%
14.3%
Avg
5.9%
6.5%
4.5%
Low
1.9%
-0.0%
-2.9%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.