NOV Inc. (NOV)
NYSE: NOV · IEX Real-Time Price · USD
19.06
+0.17 (0.90%)
At close: May 17, 2024, 4:00 PM
19.48
+0.42 (2.21%)
Pre-market: May 20, 2024, 8:00 AM EDT
NOV Inc. Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for NOV Inc. stock have an average target of 23.79, with a low estimate of 18 and a high estimate of 28. The average target predicts an increase of 24.82% from the current stock price of 19.06.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for NOV Inc. stock from 15 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 2 | 3 | 3 | 4 | 4 |
| Buy | 7 | 6 | 5 | 5 | 5 | 5 |
| Hold | 5 | 6 | 6 | 6 | 6 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 16 | 15 | 15 | 15 | 16 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $27 → $26 | Strong Buy | Maintains | $27 → $26 | +36.41% | Apr 29, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $26 | Buy | Maintains | $26 | +36.41% | Apr 8, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $25 → $22 | Hold | Maintains | $25 → $22 | +15.42% | Feb 20, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $24 | Hold | Reiterates | $24 | +25.92% | Feb 6, 2024 |
| Stifel | Stifel | Strong Buy Maintains $28 → $26 | Strong Buy | Maintains | $28 → $26 | +36.41% | Feb 5, 2024 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.8B | 10.5B | 11.0B | 11.3B | 11.8B |
| Avg | 9.2B | 9.8B | 10.2B | 10.6B | 11.0B |
| Low | 8.7B | 9.1B | 9.3B | 10.1B | 10.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.9% | 13.7% | 11.9% | 9.9% | 11.2% |
| Avg | 7.4% | 6.4% | 4.5% | 3.7% | 3.2% |
| Low | 1.9% | -1.0% | -4.8% | -1.3% | -3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.88 | 2.40 | 2.92 | 2.27 | 2.42 |
| Avg | 1.52 | 1.85 | 2.20 | 2.08 | 2.16 |
| Low | 1.11 | 1.40 | 1.68 | 1.91 | 1.94 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -24.8% | 57.3% | 57.3% | 3.1% | 16.4% |
| Avg | -39.0% | 21.6% | 18.6% | -5.6% | 4.1% |
| Low | -55.7% | -8.3% | -9.6% | -13.1% | -6.5% |
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.