BAKER HUGHES CO: CITIGROUP INCREASES TARGET PRICE FROM $64 TO $69
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
0mins
Should l Buy BKR?
Source: moomoo
- Price Increase Announcement: Baker Hughes has raised its price target for Star Group from $64 to $69.
- Market Implications: This adjustment reflects a positive outlook on Star Group's performance in the market.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 60.600
Low
52.00
Averages
61.54
High
67.00
Current: 60.600
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Season Significance: Wall Street is set for a packed earnings season featuring key companies like Capital One and Boeing, with investors eager to glean insights into the economic impact of the Iran war from these reports.
- Capital One Performance Focus: Capital One is scheduled to report earnings on Tuesday, with market attention on its consumer health metrics and the progress of its acquisitions of Discover and Brex, particularly amid rising economic uncertainties.
- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
See More
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- Earnings Expectations: According to FactSet, the S&P 500 is projected to have a blended growth rate of 12.5% in Q1, with 78% of reporting companies exceeding expectations, providing a positive backdrop for the upcoming earnings season that could further bolster market confidence.
- Oil Price Volatility: While oil prices have fallen to around $80 per barrel, significantly below the $110 peak during the conflict, the market must remain vigilant regarding the potential impacts of U.S.-Iran tensions on global supply chains, particularly concerning the safety of transit through the Strait of Hormuz.
- Technical Fragility: Despite the market's strong short-term performance, analyst Craig Johnson warns that the rapid transition from oversold to overbought conditions masks underlying macroeconomic risks, urging investors to remain cautious and focus on high-quality investment opportunities.
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- US Oil Drilling Rig Count: The number of active oil drilling rigs in the U.S. has decreased by one, bringing the total to 410 as of April 17.
- Baker Hughes Report: This data is reported by Baker Hughes, a key provider of rig count statistics in the oil industry.
See More
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- Market Reaction to Tensions: U.S. stock futures fell Monday morning as investors reacted to the breakdown in peace talks between the U.S. and Iran, indicating heightened sensitivity to geopolitical risks in the market.
- Oil Price Surge: President Trump’s threat of a military blockade in the Strait of Hormuz quickly pushed oil prices back above $100 a barrel, a level that could have widespread implications for the global economy.
- Baker Hughes Stock Rise: Baker Hughes (BKR) shares rose by 2% after agreeing to sell its Waygate Technologies unit to Hexagon AB for approximately $1.45 billion in cash, a strategic move aimed at streamlining its portfolio and enhancing earnings stability.
- Children's Place Stock Plunge: Children's Place (PLCE) shares tumbled 16% following a disappointing Q4 marked by a 19.4% year-over-year sales decline to $329 million, reflecting ongoing challenges with weak e-commerce traffic and reduced consumer demand.
See More
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- Significant Transaction Value: Baker Hughes announced the sale of its Waygate Technologies business for approximately $1.45 billion in cash, with the transaction expected to close in the second half of 2026, reflecting the company's disciplined capital allocation approach.
- Broad Business Scope: The divestiture includes Waygate's remote visual inspection, ultrasound, radiography, and imaging solutions portfolios along with all related assets, indicating Baker Hughes' strategic focus on non-destructive testing solutions.
- Strategic Alignment: This transaction aligns with Baker Hughes' goals to enhance portfolio value, strengthen earnings and cash flow, and improve its balance sheet, which is expected to support the company's future financial health.
- Hexagon's Market Position: Hexagon, a Sweden-based measurement technology company with approximately 24,500 employees operating in over 50 countries, will enhance its solution capabilities across industries such as aerospace, automotive, and construction through the acquisition of Waygate Technologies.
See More
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- Transaction Overview: Baker Hughes has entered into an agreement to sell Waygate Technologies to Hexagon for approximately $1.45 billion in cash, encompassing portfolios of remote visual inspection, ultrasound, radiography, and imaging solutions, marking a significant step in the company's strategic restructuring.
- Asset Integration: The sale includes all assets, intellectual property, and resources of Waygate Technologies, aimed at enhancing the company's profitability and cash flow stability through optimized asset management, thereby improving its financial health.
- Strategic Restructuring: Baker Hughes indicated that this transaction complements three completed deals and the pending acquisition of Chart Industries, demonstrating the company's commitment to reshaping its portfolio in response to market dynamics.
- Future Outlook: The deal is expected to close in the second half of 2026, with J.P. Morgan Securities LLC serving as the exclusive financial advisor to Baker Hughes, ensuring a smooth transaction process and further solidifying the company's market position.
See More
