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NOV Inc. (NOV)
NYSE: NOV · IEX Real-Time Price · USD
18.95
+0.12 (0.64%)
Apr 25, 2024, 4:00 PM EDT - Market closed

NOV Inc. Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for NOV Inc. stock have an average target of 23.73, with a low estimate of 18 and a high estimate of 29. The average target predicts an increase of 25.22% from the current stock price of 18.95.

Analyst Consensus: Buy
Target Low Average Median High
Price $18 $23.73 $25 $29
Change -5.01% +25.22% +31.93% +53.03%

Analyst Ratings

The average analyst rating for NOV Inc. stock from 16 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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 332333
Buy 676556
Hold 556666
Sell 000000
Strong Sell 111111
Total 151615151516

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Charles Minervino
Susquehanna
 Susquehanna
Buy
Maintains
$26
 Buy Maintains $26 +37.20% Apr 8, 2024
Luke Lemoine
Piper Sandler
 Piper Sandler
Hold
Maintains
$25 → $22
 Hold Maintains $25 → $22 +16.09% Feb 20, 2024
Keith Mackey
RBC Capital
 RBC Capital
Hold
Reiterates
$24
 Hold Reiterates $24 +26.65% Feb 6, 2024
Stephen Gengaro
Stifel
 Stifel
Strong Buy
Maintains
$28 → $26
 Strong Buy Maintains $28 → $26 +37.20% Feb 5, 2024
James Rollyson
Raymond James
 Raymond James
Buy
Maintains
$28 → $25
 Buy Maintains $28 → $25 +31.93% Feb 5, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
9.22B
from 8.58B
Increased by 7.41%
Revenue Next Year
9.81B
from 9.22B
Increased by 6.39%
EPS This Year
1.52
from 2.50
Decreased by -39.02%
EPS Next Year
1.85
from 1.52
Increased by 21.62%
Year 2019202020212022202320242025202620272028
Revenue
8.48B6.09B5.52B7.24B8.58B9.22B9.81B10.25B10.81B11.48B
Revenue Growth
0.31%-28.18%-9.29%31.01%18.60%7.41%6.39%4.50%5.45%6.20%
EPS
-15.96-6.62-0.650.392.501.521.852.202.222.39
EPS Growth
----541.03%-39.02%21.62%18.62%0.80%7.97%
No. Analysts -----2624832
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 9.8B 10.5B 11.0B 11.6B 11.9B
Avg 9.2B 9.8B 10.2B 10.8B 11.5B
Low 8.7B 9.1B 9.3B 10.2B 11.1B

Revenue Growth

Revenue Growth 20242025202620272028
High
13.9%
13.7%
11.9%
13.0%
10.4%
Avg
7.4%
6.4%
4.5%
5.5%
6.2%
Low
1.9%
-1.0%
-4.8%
-0.9%
3.0%

EPS Forecast

EPS 20242025202620272028
High 1.88 2.40 2.92 2.40 2.49
Avg 1.52 1.85 2.20 2.22 2.39
Low 1.11 1.40 1.68 2.06 2.32

EPS Growth

EPS Growth 20242025202620272028
High
-24.8%
57.3%
57.3%
9.3%
12.2%
Avg
-39.0%
21.6%
18.6%
0.8%
8.0%
Low
-55.7%
-8.3%
-9.6%
-6.4%
4.8%
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.