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Baker Hughes Company (BKR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

BKR Stock Forecast

Baker Hughes Company stock forecast is as follows: an average price target of $44.50 (represents a 11.81% upside from BKR’s last price of $39.80) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

BKR Price Target

The average price target for Baker Hughes Company (BKR) is $44.50 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $46.00 to $42.00. This represents a potential 11.81% upside from BKR's last price of $39.80.

BKR Analyst Ratings

Buy

According to 15 Wall Street analysts, Baker Hughes Company's rating consensus is 'Buy'. The analyst rating breakdown for BKR stock is 0 'Strong Buy' (0.00%), 15 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Baker Hughes Company Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 10, 2024Phillip JungwirthBMO Capital$45.00$37.5919.71%13.07%
Oct 03, 2024Daniel KutzMorgan Stanley$45.00$37.2220.90%13.07%
Sep 27, 2024Scott GruberCitigroup$42.00$34.7720.79%5.53%
Sep 24, 2024Roger ReadWells Fargo$42.00$36.3415.58%5.53%
Jul 29, 2024Charles MinervinoSusquehanna$46.00$37.6522.18%15.58%
Jul 26, 2024James WestEvercore ISI$46.00$37.6522.18%15.58%
Jul 15, 2024Luke LemoinePiper Sandler$44.00$34.5027.54%10.55%
Jun 27, 2024Lloyd ByrneJefferies$46.00$34.4233.64%15.58%
Jun 05, 2024Josh SilversteinUBS$37.00$31.6316.98%-7.04%
Feb 02, 2023BMO Capital$36.00$31.0016.13%-9.55%
Jan 04, 2023Morgan Stanley$35.00$27.9425.27%-12.06%
Oct 26, 2022Roger ReadWells Fargo$29.00$26.419.83%-27.14%
Aug 04, 2022David AndersonBarclays$44.00$25.2374.40%10.55%
Jun 14, 2022David AndersonBarclays$47.00$33.5540.11%18.09%
Apr 27, 2022Barclays$40.00$31.2727.92%0.50%
Apr 26, 2022Keith MackeyRBC Capital$41.00$32.2727.05%3.02%
Apr 21, 2022Susquehanna$41.00$34.4618.98%3.02%
Apr 11, 2022Stephen GengaroStifel Nicolaus$41.00$36.4712.42%3.02%
Apr 03, 2022Roger ReadWells Fargo$43.00$36.4218.07%8.04%
Mar 30, 2022Neil MehtaGoldman Sachs$41.00$37.359.77%3.02%
Mar 21, 2022Lloyd ByrneUBS$43.00$36.2218.72%8.04%
Feb 06, 2022David AndersonBarclays$31.00$26.5916.59%-22.11%
Jan 25, 2022Tom CurranSeaport Global$33.00$27.9318.15%-17.09%
Jan 21, 2022Marc BianchiCowen & Co.$35.00$27.0529.39%-12.06%
Jan 21, 2022Jens ZimmermannCredit Suisse$30.00$27.0510.91%-24.62%
Jan 21, 2022Arun JayaramJ.P. Morgan$30.00$27.0510.91%-24.62%
Jan 21, 2022Phillip JungwirthBMO Capital$32.00$27.0518.30%-19.60%
Jan 21, 2022Ian MacphersonPiper Sandler$37.50$27.0538.63%-5.78%
Oct 11, 2021Connor LynaghMorgan Stanley$30.00$25.0919.57%-24.62%
Aug 04, 2021Abhishek KumarHSBC$21.10$20.174.61%-46.98%
May 25, 2021Scott GruberCitigroup$30.00$23.6027.12%-24.62%

The latest Baker Hughes Company stock forecast, released on Oct 10, 2024 by Phillip Jungwirth from BMO Capital, set a price target of $45.00, which represents a 19.71% increase from the stock price at the time of the forecast ($37.59), and a 13.07% increase from BKR last price ($39.80).

Baker Hughes Company Price Target by Period

1M3M12M
# Anlaysts-49
Avg Price Target-$43.50$43.67
Last Closing Price$39.80$39.80$39.80
Upside/Downside-100.00%9.30%9.72%

In the current month, the average price target of Baker Hughes Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Baker Hughes Company's last price of $39.80. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024SusquehannaPositivePositiveHold
Oct 10, 2024BMO CapitalOutperformOutperformHold
Oct 03, 2024Morgan StanleyOverweightOverweightHold
Sep 27, 2024CitigroupBuyBuyHold
Sep 24, 2024Wells FargoBuyOverweightUpgrade
Sep 16, 2024Wells FargoBuyBuyHold
Sep 16, 2024UBSUnderperformUnderperformHold
Aug 20, 2024UBSUnderperformUnderperformHold
Aug 20, 2024Wells FargoBuyBuyHold
Jul 29, 2024RBC CapitalOutperformOutperformHold
Jul 29, 2024SusquehannaPositivePositiveHold
Jul 29, 2024JefferiesBuyBuyHold
Jul 29, 2024Cowen & Co.BuyBuyHold
Jul 29, 2024BenchmarkBuyBuyHold
Jul 26, 2024Evercore ISIOutperformOutperformHold
Jul 15, 2024Piper SandlerBuyBuyHold
Jul 15, 2024JefferiesUnderperformUnderperformHold
Jul 15, 2024Piper SandlerOverweightOverweightHold
Jun 27, 2024JefferiesBuyBuyHold
Jun 05, 2024UBSNeutralNeutralHold
Apr 08, 2024RBC CapitalUnderperformUnderperformHold
Apr 08, 2024SusquehannaBuyBuyHold
Feb 01, 2024RBC CapitalBuyBuyHold
Feb 01, 2024CitigroupUnderperformUnderperformHold
Jul 21, 2023Capital One FinancialOverweightInitialise
Jul 20, 2023Cowen & Co.OutperformUpgrade
Apr 20, 2023Evercore ISIOutperformOutperformHold
Feb 02, 2023BMO CapitalOutperformOutperformHold
Jan 04, 2023Morgan StanleyOverweightOverweightHold
Oct 26, 2022Wells FargoOverweightEqual-WeightDowngrade
Oct 20, 2022Morgan StanleyOverweightOverweightHold
Oct 20, 2022RBC CapitalOutperformOutperformHold
Aug 04, 2022BarclaysOverweightOverweightHold
Apr 27, 2022BarclaysOverweightOverweightHold
Apr 26, 2022RBC CapitalOutperformOutperformHold
Apr 25, 2022HSBCBuyUpgrade
Apr 25, 2022Wells FargoOverweightOverweightUpgrade
Apr 03, 2022Wells FargoOverweightUpgrade
Mar 30, 2022Goldman SachsConviction BuyConviction BuyHold
Mar 21, 2022UBSBuyBuyHold
Feb 06, 2022BarclaysOverweightOverweightHold
Jan 29, 2022Piper SandlerOverweightOverweightHold
Jan 25, 2022Seaport GlobalBuyBuyHold

Baker Hughes Company's last stock rating was published by Susquehanna on Oct 24, 2024. The company gave BKR a "Positive" rating, the same as its previous rate.

Baker Hughes Company Financial Forecast

Baker Hughes Company Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$6.83B-$6.32B$5.72B$5.91B$5.37B$5.05B$4.83B$5.49B$5.09B$5.14B$4.78B$5.50B$5.05B
Avg Forecast$7.28B$6.96B$6.87B$6.42B$7.73B$7.42B$7.21B$6.87B$7.30B$7.16B$7.02B$6.64B$7.10B$7.21B$6.81B$6.37B$6.93B$6.52B$6.27B$5.55B$6.06B$5.41B$5.34B$5.01B$5.49B$5.33B$4.94B$4.79B$5.42B$4.78B
High Forecast$7.61B$7.27B$7.18B$6.72B$8.08B$7.76B$7.54B$7.18B$7.64B$7.48B$7.34B$6.96B$7.14B$7.22B$6.81B$6.37B$7.05B$6.63B$6.56B$5.80B$6.34B$5.41B$5.34B$5.01B$5.49B$5.33B$4.94B$4.79B$5.42B$4.78B
Low Forecast$7.03B$6.73B$6.64B$6.21B$7.47B$7.17B$6.97B$6.64B$7.06B$6.92B$6.79B$6.37B$7.08B$7.20B$6.81B$6.37B$6.86B$6.44B$6.06B$5.36B$5.86B$5.41B$5.34B$5.01B$5.49B$5.33B$4.94B$4.79B$5.42B$4.78B
# Analysts585510755854111265481815910168109913999
Surprise %----------------0.99%-1.01%1.03%0.97%0.99%0.95%0.97%1.00%0.96%1.04%1.00%1.01%1.06%

Baker Hughes Company's average Quarter revenue forecast for Mar 24 based on 4 analysts is $6.37B, with a low forecast of $6.37B, and a high forecast of $6.37B. BKR's average Quarter revenue forecast represents a -6.76% decrease compared to the company's last Quarter revenue of $6.83B (Dec 23).

Baker Hughes Company EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111265481815910168109913999
EBITDA----------------$651.00M-$514.00M$1.15B$693.00M$698.00M$51.00M$598.00M$1.01B$530.00M$418.00M$-17.00M$1.60B$218.00M
Avg Forecast$-362.81M$-346.90M$-342.51M$-320.37M$-385.52M$-369.87M$-359.44M$-342.64M$-364.25M$-356.94M$-350.10M$-331.26M$-354.24M$-359.60M$-339.56M$786.50M$-345.51M$-325.24M$-312.66M$715.00M$1.23B$695.00M$684.94M$650.00M$704.93M$683.70M$633.72M$-15.45M$696.11M$613.37M
High Forecast$-350.77M$-335.39M$-331.14M$-309.74M$-372.73M$-357.60M$-347.51M$-331.26M$-352.16M$-345.09M$-338.48M$-317.71M$-353.25M$-358.98M$-339.56M$943.80M$-342.01M$-321.40M$-302.29M$858.00M$1.48B$695.00M$684.94M$780.00M$704.93M$683.70M$633.72M$-12.36M$696.11M$613.37M
Low Forecast$-379.40M$-362.76M$-358.17M$-335.02M$-403.15M$-386.79M$-375.87M$-358.30M$-380.91M$-373.26M$-366.10M$-347.32M$-356.24M$-360.22M$-339.56M$629.20M$-351.51M$-330.75M$-326.96M$572.00M$986.95M$695.00M$684.94M$520.00M$704.93M$683.70M$633.72M$-18.55M$696.11M$613.37M
Surprise %-----------------1.88%--1.64%1.61%0.56%1.00%0.07%0.92%1.44%0.78%0.66%1.10%2.29%0.36%

4 analysts predict BKR's average Quarter EBITDA for Mar 24 to be $786.50M, with a high of $943.80M and a low of $629.20M. This is 20.81% upper than Baker Hughes Company's previous annual EBITDA (Dec 23) of $651.00M.

Baker Hughes Company Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111265481815910168109913999
Net Income----------------$439.00M-$814.00M$576.00M$182.00M$-9.00M$-837.00M$72.00M$336.00M$8.00M$-68.00M$-452.00M$652.00M$-170.00M
Avg Forecast$809.19M$739.26M$719.28M$629.37M$860.84M$782.69M$711.58M$621.68M$728.66M$683.02M$621.60M$529.89M$630.37M$604.57M$489.41M$108.90M$475.41M$395.49M$330.57M$99.00M$356.83M$243.69M$215.05M$90.00M$279.41M$213.89M$156.58M$-410.91M$168.36M$35.62M
High Forecast$857.29M$783.21M$762.04M$666.78M$912.01M$829.21M$753.88M$658.63M$771.98M$723.62M$658.54M$580.84M$650.38M$604.66M$489.46M$130.68M$485.53M$444.93M$350.22M$118.80M$428.20M$243.69M$215.05M$108.00M$279.41M$213.89M$156.58M$-328.73M$168.36M$35.62M
Low Forecast$774.27M$707.36M$688.24M$602.22M$823.70M$748.92M$680.88M$594.85M$697.22M$653.55M$594.77M$499.32M$620.36M$604.48M$489.36M$87.12M$465.29M$355.94M$316.30M$79.20M$285.47M$243.69M$215.05M$72.00M$279.41M$213.89M$156.58M$-493.09M$168.36M$35.62M
Surprise %----------------0.92%-2.46%5.82%0.51%-0.04%-3.89%0.80%1.20%0.04%-0.43%1.10%3.87%-4.77%

Baker Hughes Company's average Quarter net income forecast for Mar 24 is $108.90M, with a range of $87.12M to $130.68M. BKR's average Quarter net income forecast represents a -75.19% decrease compared to the company's last Quarter net income of $439.00M (Dec 23).

Baker Hughes Company SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111265481815910168109913999
SG&A----------------$634.00M-$695.00M$655.00M$645.00M$620.00M$624.00M$621.00M$634.00M$607.00M$642.00M$587.00M$574.00M$565.00M
Avg Forecast$838.37M$801.60M$791.46M$740.30M$890.85M$854.69M$830.57M$791.75M$841.70M$824.80M$808.99M$765.46M$818.57M$830.96M$784.64M$939.26M$798.40M$751.55M$722.49M$853.88M$772.12M$623.87M$614.84M$776.25M$632.78M$613.73M$568.86M$533.64M$624.87M$550.60M
High Forecast$876.70M$838.26M$827.65M$774.15M$931.58M$893.77M$868.55M$827.95M$880.18M$862.51M$845.98M$802.57M$823.18M$832.39M$784.64M$1.13B$812.26M$764.27M$755.52M$1.02B$926.55M$623.87M$614.84M$931.50M$632.78M$613.73M$568.86M$640.36M$624.87M$550.60M
Low Forecast$810.54M$775.00M$765.19M$715.73M$861.28M$826.32M$803.01M$765.47M$813.76M$797.42M$782.14M$734.14M$816.27M$829.52M$784.64M$751.41M$790.31M$742.67M$698.51M$683.10M$617.70M$623.87M$614.84M$621.00M$632.78M$613.73M$568.86M$426.91M$624.87M$550.60M
Surprise %----------------0.79%-0.96%0.77%0.84%0.99%1.01%0.80%1.00%0.99%1.13%1.10%0.92%1.03%

Baker Hughes Company's average Quarter SG&A projection for Mar 24 is $939.26M, based on 4 Wall Street analysts, with a range of $751.41M to $1.13B. The forecast indicates a 48.15% rise compared to BKR last annual SG&A of $634.00M (Dec 23).

Baker Hughes Company EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts585510755854111265481815910168109913999
EPS----------------$0.44-$0.81$0.57$0.18$-0.01$-0.84$0.08$0.38$0.01$-0.08$-0.61$0.92$-0.25
Avg Forecast$0.81$0.74$0.72$0.63$0.86$0.78$0.71$0.62$0.73$0.68$0.62$0.53$0.63$0.61$0.49$0.39$0.48$0.40$0.33$0.26$0.40$0.24$0.21$0.19$0.28$0.21$0.16$0.11$0.17$0.04
High Forecast$0.86$0.78$0.76$0.67$0.91$0.83$0.75$0.66$0.77$0.72$0.66$0.58$0.65$0.61$0.49$0.39$0.49$0.45$0.35$0.27$0.42$0.24$0.21$0.19$0.28$0.21$0.16$0.11$0.17$0.04
Low Forecast$0.78$0.71$0.69$0.60$0.82$0.75$0.68$0.60$0.70$0.65$0.60$0.50$0.62$0.61$0.49$0.39$0.47$0.36$0.32$0.25$0.38$0.24$0.21$0.19$0.28$0.21$0.16$0.11$0.17$0.04
Surprise %----------------0.92%-2.45%2.22%0.45%-0.04%-3.91%0.41%1.36%0.05%-0.51%-5.48%5.47%-7.03%

According to 4 Wall Street analysts, Baker Hughes Company's projected average Quarter EPS for Mar 24 is $0.39, with a low estimate of $0.39 and a high estimate of $0.39. This represents a -10.35% decrease compared to BKR previous annual EPS of $0.44 (Dec 23).

Baker Hughes Company Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WFRDWeatherford$71.62$142.0098.27%Buy
TDWTidewater$52.54$96.0082.72%Buy
XPROExpro Group$11.09$18.0062.31%Buy
HALHalliburton Company$27.19$43.6360.46%Buy
SLBSchlumberger$38.93$60.4055.15%Buy
NOVNOV$14.56$22.0051.10%Buy
VALValaris$43.09$62.0043.88%Buy
CHXChampionX$27.54$38.3339.18%Buy
DNOWNOW$13.80$18.0030.43%
RESRPC$5.93$7.0018.04%Hold
FTITechnipFMC$29.96$34.5015.15%Buy
TSTenaris$38.13$42.0010.15%Buy
BKRBaker Hughes Company$41.41$44.507.46%Buy
WHDCactus$61.48$54.00-12.17%Hold
OIIOceaneering$25.29$21.00-16.96%Buy

BKR Forecast FAQ

Is Baker Hughes Company a good buy?

Yes, according to 15 Wall Street analysts, Baker Hughes Company (BKR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 100.00% of BKR's total ratings.

What is BKR's price target?

Baker Hughes Company (BKR) average price target is $44.5 with a range of $42 to $46, implying a 11.81% from its last price of $39.8. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Baker Hughes Company stock go up soon?

According to Wall Street analysts' prediction for BKR stock, the company can go up by 11.81% (from the last price of $39.8 to the average price target of $44.5), up by 15.58% based on the highest stock price target, and up by 5.53% based on the lowest stock price target.

Can Baker Hughes Company stock reach $60?

BKR's average twelve months analyst stock price target of $44.5 does not support the claim that Baker Hughes Company can reach $60 in the near future.

What are Baker Hughes Company's analysts' financial forecasts?

Baker Hughes Company's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $29.22B (high $30.56B, low $28.25B), average EBITDA is $-1.457B (high $-1.409B, low $-1.524B), average net income is $2.98B (high $3.15B, low $2.85B), average SG&A $3.37B (high $3.52B, low $3.26B), and average EPS is $2.98 (high $3.16, low $2.85). BKR's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $27.52B (high $28.78B, low $26.61B), average EBITDA is $-1.373B (high $-1.327B, low $-1.435B), average net income is $2.9B (high $3.07B, low $2.77B), average SG&A $3.17B (high $3.32B, low $3.07B), and average EPS is $2.9 (high $3.07, low $2.77).

Did the BKR's actual financial results beat the analysts' financial forecasts?

Based on Baker Hughes Company's last annual report (Dec 2023), the company's revenue was $25.51B, beating the average analysts forecast of $25.27B by 0.95%. Apple's EBITDA was $2.32B, missing the average prediction of $-268M by -963.21%. The company's net income was $1.94B, beating the average estimation of $1.3B by 49.41%. Apple's SG&A was $2.61B, missing the average forecast of $3.13B by -16.48%. Lastly, the company's EPS was $1.93, beating the average prediction of $1.46 by 32.21%. In terms of the last quarterly report (Dec 2023), Baker Hughes Company's revenue was $6.84B, missing the average analysts' forecast of $6.93B by -1.34%. The company's EBITDA was $651M, missing the average prediction of $-346M by -288.41%. Baker Hughes Company's net income was $439M, missing the average estimation of $475.41M by -7.66%. The company's SG&A was $634M, missing the average forecast of $798.4M by -20.59%. Lastly, the company's EPS was $0.44, missing the average prediction of $0.476 by -7.54%