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NOV (NOV) Stock Forecast, Price Target & Predictions

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NOV Stock Forecast

NOV (NOV) stock forecast, based on 55 Wall Street analysts, predicts a 12-month average price target of $19.00, with a high of $23.00 and a low of $12.00. This represents a 51.64% increase from the last price of $12.53.

$10 $13 $16 $19 $22 $25 High: $23 Avg: $19 Low: $12 Last Closed Price: $12.53

NOV Stock Rating

NOV stock's rating consensus is Buy, based on 55 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 28 Buy (50.91%), 24 Hold (43.64%), 3 Sell (5.45%), and 0 Strong Sell (0.00%).

Buy
Total 55 0 3 24 28 Strong Sell Sell Hold Buy Strong Buy

NOV Price Target Upside V Benchmarks

TypeNameUpside
StockNOV51.64%
SectorEnergy Stocks 41.60%
IndustryOil & Gas Equipment & Services Stocks47.81%

Price Target Trends

1M3M12M
# Anlaysts227
Avg Price Target$22.50$22.50$20.71
Last Closing Price$12.53$12.53$12.53
Upside/Downside79.57%79.57%65.28%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 258591225
Mar, 2575111226
Feb, 2575111226
Jan, 2577111228
Dec, 247891227
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 15, 2025Stephen GengaroStifel Nicolaus$23.00$12.0191.51%83.56%
Mar 24, 2025Keith MackeyRBC Capital$22.00$15.1245.50%75.58%
Dec 18, 2024David AndersonBarclays$12.00$14.19-15.43%-4.23%
Oct 11, 2024Stephen GengaroStifel Nicolaus$25.00$16.2553.85%99.52%
Oct 10, 2024Phillip JungwirthBMO Capital$20.00$15.9325.55%59.62%
Sep 16, 2024Daniel KutzMorgan Stanley$23.00$15.8645.02%83.56%
Jul 30, 2024David AndersonBarclays$20.00$19.810.96%59.62%
Feb 08, 2023Susquehanna$29.00$23.3124.41%131.44%
Jul 29, 2022Morgan Stanley$19.00$17.538.39%51.64%
Jul 13, 2022Morgan Stanley$18.00$14.7322.20%43.66%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Mar 24, 2025RBC CapitalUnderperformOutperformupgrade
Dec 18, 2024Piper SandlerUnderperformNeutralinitialise
Dec 18, 2024BarclaysUnderweightUnderweighthold
Dec 12, 2024Goldman SachsSellSellhold
Oct 28, 2024SusquehannaPositivePositivehold
Oct 28, 2024Cowen & Co.BuyBuyhold
Oct 10, 2024RBC CapitalUnderperformUnderperformhold
Oct 10, 2024BMO CapitalMarket PerformMarket Performhold
Sep 24, 2024Wells FargoUnderweightdowngrade
Sep 16, 2024RBC CapitalSector PerformSector Performhold

Financial Forecast

EPS Forecast

$-7 $-5 $-3 $-1 $1 $3 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-6.61$-0.63$0.40$2.53$1.62----
Avg Forecast$-0.14$-0.52$0.71$1.40$1.44$1.47$1.58$1.72$1.84
High Forecast$-0.14$-0.50$0.77$1.45$1.54$1.89$1.96$1.90$1.99
Low Forecast$-0.15$-0.55$0.69$1.36$1.24$1.30$1.35$1.54$1.78
Surprise %4621.43%21.15%-43.66%80.71%12.50%----

Revenue Forecast

$5B $6B $7B $9B $10B $11B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$6.09B$5.52B$7.24B$8.58B$8.87B----
Avg Forecast$6.11B$5.44B$7.12B$8.50B$8.81B$8.89B$9.12B$9.51B$9.90B
High Forecast$6.35B$5.66B$7.57B$8.53B$8.83B$9.11B$9.13B$9.63B$10.56B
Low Forecast$5.89B$5.25B$6.98B$8.47B$8.77B$8.81B$9.11B$9.40B$9.67B
Surprise %-0.27%1.50%1.65%1.01%0.65%----

Net Income Forecast

$-7B $-5B $-3B $-1B $700M $3B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-2.54B$-245.00M$155.00M$993.00M$635.00M----
Avg Forecast$-5.38B$-200.26M$62.99M$993.00M$552.64M$563.90M$600.29M$708.00M$728.50M
High Forecast$-4.31B$-160.20M$137.34M$2.30B$611.92M$749.48M$779.38M$753.35M$791.83M
Low Forecast$-6.46B$-240.31M$-11.35M$-311.64M$493.36M$517.31M$535.70M$612.33M$707.23M
Surprise %-52.87%22.34%146.05%-14.90%----

NOV Forecast FAQ

Is NOV stock a buy?

NOV stock has a consensus rating of Buy, based on 55 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 28 Buy, 24 Hold, 3 Sell, and 0 Strong Sell, reflecting a consensus that NOV is a favorable investment for most analysts.

What is NOV's price target?

NOV's price target, set by 55 Wall Street analysts, averages $19 over the next 12 months. The price target range spans from $12 at the low end to $23 at the high end, suggesting a potential 51.64% change from the previous closing price of $12.53.

How does NOV stock forecast compare to its benchmarks?

NOV's stock forecast shows a 51.64% upside, outperforming the average forecast for the energy stocks sector (41.60%) and outperforming the oil & gas equipment & services stocks industry (47.81%).

What is the breakdown of analyst ratings for NOV over the past three months?

  • April 2025: 32.00% Strong Buy, 20.00% Buy, 36.00% Hold, 4.00% Sell, 8.00% Strong Sell.
  • March 2025: 26.92% Strong Buy, 19.23% Buy, 42.31% Hold, 3.85% Sell, 7.69% Strong Sell.
  • February 2025: 26.92% Strong Buy, 19.23% Buy, 42.31% Hold, 3.85% Sell, 7.69% Strong Sell.

What is NOV’s EPS forecast?

NOV's average annual EPS forecast for its fiscal year ending in December 2025 is $1.47, marking a -9.26% decrease from the reported $1.62 in 2024. Estimates for the following years are $1.58 in 2026, $1.72 in 2027, and $1.84 in 2028.

What is NOV’s revenue forecast?

NOV's average annual revenue forecast for its fiscal year ending in December 2025 is $8.89B, reflecting a 0.19% increase from the reported $8.87B in 2024. The forecast for 2026 is $9.12B, followed by $9.51B for 2027, and $9.9B for 2028.

What is NOV’s net income forecast?

NOV's net income forecast for the fiscal year ending in December 2025 stands at $563.9M, representing a -11.20% decrease from the reported $635M in 2024. Projections indicate $600.29M in 2026, $708M in 2027, and $728.5M in 2028.