Noble (NE) Stock Forecast, Price Target & Predictions
NE Stock Forecast
Noble stock forecast is as follows: an average price target of $61.00 (represents a 78.94% upside from NE’s last price of $34.09) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
NE Price Target
The average price target for Noble (NE) is $61.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $67.00 to $55.00. This represents a potential 78.94% upside from NE's last price of $34.09.
NE Analyst Ratings
According to 5 Wall Street analysts, Noble's rating consensus is 'Buy'. The analyst rating breakdown for NE stock is 0 'Strong Buy' (0.00%), 5 '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 |
|---|---|---|---|---|---|---|
| Aug 09, 2024 | Eddie Kim | Barclays | $55.00 | $40.48 | 35.87% | 61.34% |
| Jun 11, 2024 | Ed KLim | Barclays | $59.00 | $44.77 | 31.77% | 73.07% |
| May 07, 2024 | James West | Evercore ISI | $67.00 | $45.64 | 46.80% | 96.54% |
The latest Noble stock forecast, released on Aug 09, 2024 by Eddie Kim from Barclays, set a price target of $55.00, which represents a 35.87% increase from the stock price at the time of the forecast ($40.48), and a 61.34% increase from NE last price ($34.09).
Noble Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 3 |
| Avg Price Target | - | $55.00 | $60.33 |
| Last Closing Price | $34.09 | $34.09 | $34.09 |
| Upside/Downside | -100.00% | 61.34% | 76.97% |
In the current month, the average price target of Noble stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Noble's last price of $34.09. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | Susquehanna | Buy | Buy | Hold |
| Aug 09, 2024 | Susquehanna | Buy | Buy | Hold |
| Aug 09, 2024 | Benchmark | Underperform | Underperform | 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 |
| May 07, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Apr 08, 2024 | Susquehanna | Neutral | Neutral | Hold |
| Mar 05, 2024 | Barclays | Overweight | Overweight | Hold |
Noble's last stock rating was published by Susquehanna on Sep 12, 2024. The company gave NE a "Buy" 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 | $887.45M | $893.56M | $853.09M | $852.62M | $765.74M | $768.15M | $741.74M | $709.63M | $674.78M | $677.34M | $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 | $998.39M | $1.01B | $959.73M | $959.21M | $861.46M | $864.18M | $834.46M | $798.34M | $759.13M | $762.01M | $709.78M | $662.24M | $679.29M | $724.16M | $675.44M | $605.18M | $595.86M | $331.93M | $276.54M | $231.92M | $263.89M | $244.50M | $367.36M | $385.34M | $292.45M | $486.81M | $781.75M | $683.69M | $981.69M | $1.00B |
| Low Forecast | $840.86M | $846.65M | $808.30M | $807.86M | $725.54M | $727.82M | $702.80M | $672.38M | $639.35M | $641.77M | $597.78M | $557.75M | $572.11M | $609.90M | $568.87M | $509.69M | $501.85M | $279.56M | $267.85M | $224.63M | $255.60M | $236.82M | $244.91M | $256.89M | $194.97M | $324.54M | $521.16M | $455.79M | $654.46M | $669.64M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 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 $572.11M, and a high forecast of $679.29M. 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 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 | $227.68M | $229.25M | $218.86M | $218.75M | $196.46M | $197.07M | $190.30M | $182.06M | $173.12M | $173.78M | $161.86M | $151.02M | $154.91M | $165.14M | $154.03M | $138.01M | $135.89M | $-326.15M | $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 | $256.14M | $257.91M | $246.23M | $246.09M | $221.01M | $221.71M | $214.09M | $204.82M | $194.76M | $195.50M | $182.10M | $169.90M | $174.28M | $185.79M | $173.29M | $155.26M | $152.87M | $-260.92M | $70.95M | $68.83M | $67.70M | $62.73M | $-891.81M | $150.13M | $81.27M | $218.68M | $390.13M | $330.02M | $371.62M | $421.64M |
| Low Forecast | $215.73M | $217.21M | $207.37M | $207.26M | $186.14M | $186.73M | $180.31M | $172.50M | $164.03M | $164.65M | $153.37M | $143.09M | $146.78M | $156.47M | $145.95M | $130.76M | $128.75M | $-391.38M | $68.72M | $45.89M | $65.58M | $60.76M | $-1.34B | $100.09M | $54.18M | $145.79M | $260.09M | $220.02M | $247.75M | $281.09M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.00% | 1.02% | 1.02% | -0.20% | 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 $154.91M, with a high of $174.28M and a low of $146.78M. This is -9.31% 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 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 | $257.56M | $264.22M | $262.95M | $240.68M | $198.50M | $189.91M | $145.38M | $121.88M | $142.11M | $130.79M | $92.71M | $77.66M | $86.63M | $122.59M | $63.26M | $40.22M | $74.04M | $-545.82M | $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 | $299.42M | $307.15M | $305.68M | $279.79M | $230.76M | $220.78M | $169.00M | $141.68M | $165.20M | $152.05M | $107.77M | $90.29M | $100.71M | $142.51M | $73.54M | $46.76M | $86.07M | $-436.66M | $67.16M | $-105.57M | $10.96M | $-60.77M | $-919.07M | $-63.46M | $-117.86M | $-266.76M | $134.25M | $138.52M | $159.22M | $151.26M |
| Low Forecast | $239.98M | $246.18M | $245.00M | $224.25M | $184.95M | $176.95M | $135.46M | $113.56M | $132.41M | $121.87M | $86.38M | $72.36M | $80.72M | $114.22M | $58.94M | $37.48M | $68.99M | $-654.99M | $64.43M | $-158.35M | $10.51M | $-63.34M | $-1.38B | $-95.19M | $-176.79M | $-400.14M | $89.50M | $92.35M | $106.15M | $100.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | 0.00% | 2.69% | 1.82% | -0.06% | 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 $86.63M, with a range of $80.72M to $100.71M. NE's average Quarter net income forecast represents a -45.28% 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 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 | $65.06M | $65.51M | $62.54M | $62.51M | $56.14M | $56.31M | $54.38M | $52.02M | $49.47M | $49.66M | $46.25M | $43.15M | $44.27M | $47.19M | $44.01M | $39.44M | $38.83M | $21.55M | $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 | $73.19M | $73.70M | $70.36M | $70.32M | $63.15M | $63.35M | $61.17M | $58.53M | $55.65M | $55.86M | $52.03M | $48.55M | $49.80M | $53.09M | $49.52M | $44.37M | $43.68M | $25.86M | $20.27M | $75.70M | $19.35M | $17.92M | $23.14M | $21.48M | $27.43M | $21.06M | $24.87M | $18.59M | $15.93M | $25.77M |
| Low Forecast | $61.64M | $62.07M | $59.26M | $59.22M | $53.19M | $53.36M | $51.52M | $49.29M | $46.87M | $47.05M | $43.82M | $40.89M | $41.94M | $44.71M | $41.70M | $37.37M | $36.79M | $17.24M | $19.64M | $50.47M | $18.74M | $17.36M | $15.43M | $14.32M | $18.29M | $14.04M | $16.58M | $12.39M | $10.62M | $17.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.70% | - | 0.76% | 0.77% | 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 $41.94M to $49.80M. 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 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 | $1.76 | $1.81 | $1.80 | $1.65 | $1.36 | $1.30 | $1.00 | $0.83 | $0.97 | $0.90 | $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 | $2.05 | $2.10 | $2.09 | $1.92 | $1.58 | $1.51 | $1.16 | $0.97 | $1.13 | $1.04 | $0.74 | $0.62 | $0.69 | $0.98 | $0.50 | $0.32 | $0.59 | $0.51 | $0.46 | $0.09 | $0.08 | $-0.42 | $-0.32 | $-0.38 | $-0.47 | $-0.17 | $0.42 | $0.40 | $0.42 | $0.50 |
| Low Forecast | $1.64 | $1.69 | $1.68 | $1.54 | $1.27 | $1.21 | $0.93 | $0.78 | $0.91 | $0.83 | $0.59 | $0.50 | $0.55 | $0.78 | $0.40 | $0.26 | $0.47 | $0.41 | $0.44 | $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 $0.55 and a high estimate of $0.69. 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 |
|---|---|---|---|---|---|
| NBR | Nabors Industries | $62.61 | $151.67 | 142.25% | Buy |
| PTEN | Patterson-UTI Energy | $7.91 | $18.86 | 138.43% | Buy |
| NE | Noble | $34.09 | $61.00 | 78.94% | Buy |
| HP | Helmerich & Payne | $29.85 | $49.55 | 66.00% | Hold |
| BORR | Borr Drilling | $5.48 | $9.00 | 64.23% | Buy |
| DO | Diamond Offshore Drilling | $13.99 | $22.00 | 57.26% | Buy |
| RIG | Transocean | $4.13 | $6.12 | 48.18% | Buy |
| PDS | Precision Drilling | $63.46 | $71.33 | 12.40% | Buy |
NE Forecast FAQ
Is Noble a good buy?
Yes, according to 5 Wall Street analysts, Noble (NE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 100.00% of NE's total ratings.
What is NE's price target?
Noble (NE) average price target is $61 with a range of $55 to $67, implying a 78.94% from its last price of $34.09. The data is based on 5 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 78.94% (from the last price of $34.09 to the average price target of $61), up by 96.54% based on the highest stock price target, and up by 61.34% based on the lowest stock price target.
Can Noble stock reach $50?
NE's average twelve months analyst stock price target of $61 supports the claim that Noble can reach $50 in the near future.
What are Noble's analysts' financial forecasts?
Noble's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.99B (high $3.36B, low $2.83B), average EBITDA is $765.89M (high $861.63M, low $725.68M), average net income is $655.67M (high $762.22M, low $610.92M), average SG&A $218.85M (high $246.21M, low $207.36M), and average EPS is $4.49 (high $5.22, low $4.18). NE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.49B (high $3.92B, low $3.3B), average EBITDA is $894.54M (high $1.01B, low $847.58M), average net income is $1.03B (high $1.19B, low $955.42M), average SG&A $255.61M (high $287.57M, low $242.19M), and average EPS is $7.02 (high $8.16, low $6.54).
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, missing the average prediction of $-62.907M by -702.73%. The company's net income was $168.95M, missing the average estimation of $-538M by -131.42%. Apple's SG&A was $82.18M, missing the average forecast of $143.47M by -42.72%. 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, beating the average prediction of $165.14M by 3.43%. Noble's net income was $158.32M, beating the average estimation of $122.59M by 29.15%. 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%