Noble (NE) Stock Forecast, Price Target & Predictions

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NE Stock Forecast

Noble stock forecast is as follows: an average price target of $57.50 (represents a 72.00% upside from NE’s last price of $33.43) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.

NE Price Target

The average price target for Noble (NE) is $57.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $67.00 to $48.00. This represents a potential 72.00% upside from NE's last price of $33.43.

NE Analyst Ratings

Buy

According to 4 Wall Street analysts, Noble's rating consensus is 'Buy'. The analyst rating breakdown for NE stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Noble Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 23, 2024	Eddie Kim	Barclays	$48.00	$32.60	47.24%	43.58%
Aug 09, 2024	Eddie Kim	Barclays	$55.00	$40.48	35.87%	64.52%
Jun 11, 2024	Ed KLim	Barclays	$59.00	$44.77	31.77%	76.49%
May 07, 2024	James West	Evercore ISI	$67.00	$45.64	46.80%	100.42%

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The latest Noble stock forecast, released on Oct 23, 2024 by Eddie Kim from Barclays, set a price target of $48.00, which represents a 47.24% increase from the stock price at the time of the forecast ($32.60), and a 43.58% increase from NE last price ($33.43).

Noble Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	4
Avg Price Target	$48.00	$48.00	$57.25
Last Closing Price	$33.43	$33.43	$33.43
Upside/Downside	43.58%	43.58%	71.25%

In the current month, the average price target of Noble stock is $48.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 43.58% increase as opposed to Noble's last price of $33.43. This month's average price target is down 0.00% compared to last quarter, and down -16.16% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 23, 2024	Barclays	Overweight	Overweight	Hold
Oct 15, 2024	Citigroup	Underperform	Underperform	Hold
Oct 15, 2024	Susquehanna	Buy	Buy	Hold
Sep 12, 2024	Susquehanna	Buy	Buy	Hold
Aug 09, 2024	Benchmark	Underperform	Underperform	Hold
Aug 09, 2024	Susquehanna	Buy	Buy	Hold
Aug 09, 2024	Barclays	Overweight	Overweight	Hold
Jun 11, 2024	Barclays	Overweight	Overweight	Hold
Jun 10, 2024	Evercore ISI	Outperform	Outperform	Hold
Jun 10, 2024	Citigroup	Buy	Buy	Hold

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Noble's last stock rating was published by Barclays on Oct 23, 2024. The company gave NE a "Overweight" rating, the same as its previous rate.

Noble Financial Forecast

Noble Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$697.45M	$639.00K	$610.05M	$622.59M	$305.87M	$275.15M	$210.23M	$208.18M	$250.37M	$281.31M	$282.89M	$235.16M	$362.98M	$611.97M	$804.34M	$1.25B	$970.98M
Avg Forecast	$991.44M	$992.70M	$981.93M	$974.79M	$939.92M	$914.58M	$879.20M	$867.23M	$879.71M	$764.83M	$630.91M	$588.65M	$603.81M	$643.69M	$600.39M	$537.93M	$529.65M	$295.05M	$272.83M	$228.80M	$260.35M	$241.22M	$306.13M	$321.12M	$243.71M	$405.68M	$651.46M	$569.74M	$818.07M	$837.05M
High Forecast	$1.02B	$1.02B	$1.01B	$1.01B	$969.57M	$943.42M	$906.94M	$894.58M	$907.46M	$788.95M	$650.81M	$607.22M	$622.85M	$664.00M	$619.33M	$554.90M	$546.36M	$295.05M	$272.83M	$228.80M	$260.35M	$241.22M	$367.36M	$385.34M	$292.45M	$486.81M	$781.75M	$683.69M	$981.69M	$1.00B
Low Forecast	$978.57M	$979.81M	$969.18M	$962.13M	$927.72M	$902.70M	$867.79M	$855.97M	$868.29M	$754.90M	$622.72M	$581.01M	$595.97M	$635.34M	$592.59M	$530.95M	$522.78M	$295.05M	$272.83M	$228.80M	$260.35M	$241.22M	$244.91M	$256.89M	$194.97M	$324.54M	$521.16M	$455.79M	$654.46M	$669.64M
# Analysts	2	2	2	2	1	1	1	4	5	4	4	4	5	4	4	4	3	3	3	3	5	4	8	12	19	17	8	16	14	20
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.08%	0.00%	1.13%	1.18%	1.04%	1.01%	0.92%	0.80%	1.04%	0.92%	0.88%	0.96%	0.89%	0.94%	1.41%	1.53%	1.16%

Noble's average Quarter revenue forecast for Dec 23 based on 5 analysts is $603.81M, with a low forecast of $595.97M, and a high forecast of $622.85M. NE's average Quarter revenue forecast represents a -13.43% decrease compared to the company's last Quarter revenue of $697.45M (Sep 23).

Noble EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
# Analysts	2	2	2	2	1	1	1	4	5	4	4	4	5	4	4	4	3	3	3	3	5	4	8	12	19	17	8	16	14	20
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$170.81M	$66.00K	$140.52M	$138.83M	$66.38M	$75.32M	$27.69M	$175.21M	$52.31M	$-1.03B	$111.80M	$65.43M	$164.88M	$306.53M	$425.03M	$598.25M	$418.29M
Avg Forecast	$-7.48M	$-7.49M	$-7.41M	$-7.36M	$-7.10M	$-6.90M	$-6.64M	$-6.55M	$-6.64M	$-5.77M	$-4.76M	$-4.44M	$-4.56M	$-4.86M	$-4.53M	$-4.06M	$172.35M	$75.70M	$70.00M	$57.36M	$66.79M	$61.89M	$-1.11B	$125.11M	$67.73M	$182.23M	$325.11M	$275.02M	$309.68M	$351.37M
High Forecast	$-7.39M	$-7.40M	$-7.32M	$-7.26M	$-7.00M	$-6.81M	$-6.55M	$-6.46M	$-6.55M	$-5.70M	$-4.70M	$-4.39M	$-4.50M	$-4.80M	$-4.47M	$-4.01M	$206.82M	$75.70M	$70.00M	$68.83M	$66.79M	$61.89M	$-891.81M	$150.13M	$81.27M	$218.68M	$390.13M	$330.02M	$371.62M	$421.64M
Low Forecast	$-7.72M	$-7.73M	$-7.65M	$-7.59M	$-7.32M	$-7.12M	$-6.85M	$-6.75M	$-6.85M	$-5.96M	$-4.91M	$-4.58M	$-4.70M	$-5.01M	$-4.68M	$-4.19M	$137.88M	$75.70M	$70.00M	$45.89M	$66.79M	$61.89M	$-1.34B	$100.09M	$54.18M	$145.79M	$260.09M	$220.02M	$247.75M	$281.09M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-35.15%	-0.01%	-34.60%	0.81%	0.88%	1.08%	0.48%	2.62%	0.85%	0.93%	0.89%	0.97%	0.90%	0.94%	1.55%	1.93%	1.19%

5 analysts predict NE's average Quarter EBITDA for Dec 23 to be $-4.56M, with a high of $-4.50M and a low of $-4.70M. This is -102.67% lower than Noble's previous annual EBITDA (Sep 23) of $170.81M.

Noble Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
# Analysts	2	2	2	2	1	1	1	4	5	4	4	4	5	4	4	4	3	3	3	3	5	4	8	12	19	17	8	16	14	20
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$158.32M	$66.00K	$108.06M	$134.96M	$33.59M	$37.06M	$-36.66M	$123.44M	$-23.66M	$-1.06B	$-70.89M	$-142.33M	$-301.69M	$105.48M	$178.40M	$256.33M	$150.06M
Avg Forecast	$218.96M	$220.15M	$214.90M	$195.59M	$153.92M	$125.31M	$101.24M	$93.44M	$119.77M	$125.60M	$97.07M	$81.32M	$90.71M	$128.36M	$66.24M	$42.12M	$-39.42M	$63.52M	$65.99M	$-131.96M	$10.77M	$-62.24M	$-1.15B	$-79.33M	$-147.33M	$-333.45M	$111.88M	$115.44M	$132.69M	$126.05M
High Forecast	$227.94M	$229.18M	$223.71M	$203.61M	$160.23M	$130.45M	$105.39M	$97.27M	$124.68M	$130.75M	$101.06M	$84.66M	$94.43M	$133.62M	$68.95M	$43.85M	$-31.54M	$63.52M	$65.99M	$-105.57M	$10.77M	$-62.24M	$-919.07M	$-63.46M	$-117.86M	$-266.76M	$134.25M	$138.52M	$159.22M	$151.26M
Low Forecast	$215.27M	$216.43M	$211.27M	$192.29M	$151.32M	$123.20M	$99.53M	$91.86M	$117.75M	$123.48M	$95.44M	$79.95M	$89.18M	$126.19M	$65.12M	$41.41M	$-47.30M	$63.52M	$65.99M	$-158.35M	$10.77M	$-62.24M	$-1.38B	$-95.19M	$-176.79M	$-400.14M	$89.50M	$92.35M	$106.15M	$100.84M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.23%	0.00%	2.57%	-3.42%	0.53%	0.56%	0.28%	11.46%	0.38%	0.93%	0.89%	0.97%	0.90%	0.94%	1.55%	1.93%	1.19%

Noble's average Quarter net income forecast for Dec 23 is $90.71M, with a range of $89.18M to $94.43M. NE's average Quarter net income forecast represents a -42.71% decrease compared to the company's last Quarter net income of $158.32M (Sep 23).

Noble SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
# Analysts	2	2	2	2	1	1	1	4	5	4	4	4	5	4	4	4	3	3	3	3	5	4	8	12	19	17	8	16	14	20
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$33.04M	-	$30.04M	$29.88M	$18.09M	$16.69M	$17.52M	$14.54M	$14.98M	$17.84M	$16.00M	$22.08M	$15.88M	$19.54M	$23.94M	$25.64M	$25.57M
Avg Forecast	$72.68M	$72.78M	$71.99M	$71.46M	$68.91M	$67.05M	$64.45M	$63.58M	$64.49M	$56.07M	$46.25M	$43.15M	$44.27M	$47.19M	$44.01M	$39.44M	$22.76M	$21.63M	$20.00M	$63.09M	$19.09M	$17.68M	$19.29M	$17.90M	$22.86M	$17.55M	$20.72M	$15.49M	$13.27M	$21.48M
High Forecast	$74.98M	$75.07M	$74.26M	$73.72M	$71.08M	$69.16M	$66.49M	$65.58M	$66.53M	$57.84M	$47.71M	$44.52M	$45.66M	$48.68M	$45.40M	$40.68M	$27.31M	$21.63M	$20.00M	$75.70M	$19.09M	$17.68M	$23.14M	$21.48M	$27.43M	$21.06M	$24.87M	$18.59M	$15.93M	$25.77M
Low Forecast	$71.74M	$71.83M	$71.05M	$70.53M	$68.01M	$66.18M	$63.62M	$62.75M	$63.65M	$55.34M	$45.65M	$42.59M	$43.69M	$46.58M	$43.44M	$38.92M	$18.21M	$21.63M	$20.00M	$50.47M	$19.09M	$17.68M	$15.43M	$14.32M	$18.29M	$14.04M	$16.58M	$12.39M	$10.62M	$17.18M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.70%	-	0.76%	1.31%	0.84%	0.83%	0.28%	0.76%	0.85%	0.93%	0.89%	0.97%	0.90%	0.94%	1.55%	1.93%	1.19%

Noble's average Quarter SG&A projection for Dec 23 is $44.27M, based on 5 Wall Street analysts, with a range of $43.69M to $45.66M. The forecast indicates a 33.98% rise compared to NE last annual SG&A of $33.04M (Sep 23).

Noble EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13
# Analysts	2	2	2	2	1	1	1	4	5	4	4	4	5	4	4	4	3	3	3	3	5	4	8	12	19	17	8	16	14	20
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.14	-	$0.80	$1.02	$0.48	$0.56	$-0.52	$1.85	$-0.36	$-4.25	$-0.29	$-0.58	$-1.24	$0.42	$0.72	$0.99	$0.59
Avg Forecast	$1.43	$1.44	$1.41	$1.28	$1.01	$0.82	$0.66	$0.61	$0.78	$0.82	$0.63	$0.53	$0.59	$0.84	$0.43	$0.28	$0.51	$0.43	$0.45	$0.08	$0.07	$-0.43	$-0.40	$-0.47	$-0.59	$-0.21	$0.35	$0.33	$0.35	$0.42
High Forecast	$1.49	$1.50	$1.46	$1.33	$1.05	$0.85	$0.69	$0.64	$0.82	$0.85	$0.66	$0.55	$0.62	$0.87	$0.45	$0.29	$0.53	$0.43	$0.45	$0.08	$0.07	$-0.43	$-0.32	$-0.38	$-0.47	$-0.17	$0.42	$0.40	$0.42	$0.50
Low Forecast	$1.41	$1.42	$1.38	$1.26	$0.99	$0.81	$0.65	$0.60	$0.77	$0.81	$0.62	$0.52	$0.58	$0.83	$0.43	$0.27	$0.50	$0.43	$0.45	$0.08	$0.07	$-0.43	$-0.48	$-0.56	$-0.71	$-0.25	$0.28	$0.26	$0.28	$0.34
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.36%	0.00%	2.90%	2.01%	1.10%	1.24%	-6.20%	25.10%	0.84%	10.63%	0.62%	0.98%	5.90%	1.20%	2.18%	2.83%	1.40%

According to 5 Wall Street analysts, Noble's projected average Quarter EPS for Dec 23 is $0.59, with a low estimate of $0.58 and a high estimate of $0.62. This represents a -47.97% decrease compared to NE previous annual EPS of $1.14 (Sep 23).

Noble Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BORR	Borr Drilling	$3.94	$9.00	128.43%	Buy
PTEN	Patterson-UTI Energy	$8.11	$16.81	107.27%	Buy
NBR	Nabors Industries	$72.84	$131.67	80.77%	Buy
NE	Noble	$33.43	$57.50	72.00%	Buy
DO	Diamond Offshore Drilling	$13.99	$22.00	57.26%	Buy
HP	Helmerich & Payne	$33.40	$49.55	48.35%	Hold
RIG	Transocean	$4.20	$6.12	45.71%	Buy
PDS	Precision Drilling	$62.77	$71.33	13.64%	Buy

NE Forecast FAQ

Is Noble a good buy?

Yes, according to 4 Wall Street analysts, Noble (NE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of NE's total ratings.

What is NE's price target?

Noble (NE) average price target is $57.5 with a range of $48 to $67, implying a 72.00% from its last price of $33.43. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Noble stock go up soon?

According to Wall Street analysts' prediction for NE stock, the company can go up by 72.00% (from the last price of $33.43 to the average price target of $57.5), up by 100.42% based on the highest stock price target, and up by 43.58% based on the lowest stock price target.

Can Noble stock reach $50?

NE's average twelve months analyst stock price target of $57.5 supports the claim that Noble can reach $50 in the near future.

What is Noble's current price target trend?

1 Wall Street analyst forecast a $48 price target for Noble (NE) this month, up 43.58% from its last price of $33.43. Compared to the last 3 and 12 months, the average price target increased by 43.58% and increased by 71.25%, respectively.

What are Noble's analysts' financial forecasts?

Noble's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.6B (high $3.71B, low $3.55B), average EBITDA is $-27.182M (high $-26.83M, low $-28.04M), average net income is $473.91M (high $493.35M, low $465.91M), average SG&A $263.99M (high $272.31M, low $260.56M), and average EPS is $3.1 (high $3.23, low $3.05). NE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.94B (high $4.07B, low $3.89B), average EBITDA is $-29.748M (high $-29.362M, low $-30.687M), average net income is $849.6M (high $884.44M, low $835.27M), average SG&A $288.91M (high $298.02M, low $285.15M), and average EPS is $5.56 (high $5.78, low $5.46).

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

Based on Noble's last annual report (Dec 2022), the company's revenue was $1.41B, beating the average analysts forecast of $1.33B by 6.60%. Apple's EBITDA was $379.16M, beating the average prediction of $375.4M by 1.00%. The company's net income was $168.95M, missing the average estimation of $-41.866M by -503.54%. Apple's SG&A was $82.18M, missing the average forecast of $127.47M by -35.53%. Lastly, the company's EPS was $0.67, missing the average prediction of $1.48 by -54.65%. In terms of the last quarterly report (Sep 2023), Noble's revenue was $697.45M, beating the average analysts' forecast of $643.69M by 8.35%. The company's EBITDA was $170.8M, missing the average prediction of $-4.859M by -3615.18%. Noble's net income was $158.32M, beating the average estimation of $128.36M by 23.34%. The company's SG&A was $33.04M, missing the average forecast of $47.19M by -29.99%. Lastly, the company's EPS was $1.14, beating the average prediction of $0.839 by 35.83%