Baker Hughes Co's stock rose by 3.01% and reached a 20-day high, despite the Nasdaq-100 and S&P 500 experiencing declines of 0.77% and 0.10%, respectively.
This increase is attributed to the upcoming earnings report scheduled for January 25, 2025, where Baker Hughes is expected to showcase strong performance in its Industrial & Energy Technology and Oilfield Services & Equipment segments. Analysts from JP Morgan are optimistic about the company's growth potential, which is anticipated to enhance investor confidence and positively influence the stock price.
The strong earnings outlook reflects Baker Hughes' robust competitive position in the energy services sector, particularly as it prepares to report significant revenue growth driven by high demand in its key segments.
Wall Street analysts forecast BKR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKR is 55.17 USD with a low forecast of 52.00 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast BKR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKR is 55.17 USD with a low forecast of 52.00 USD and a high forecast of 61.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 56.630
Low
52.00
Averages
55.17
High
61.00
Current: 56.630
Low
52.00
Averages
55.17
High
61.00
BMO Capital
Phillip Jungwirth
Outperform
maintain
$55 -> $65
2026-01-27
New
Reason
BMO Capital
Phillip Jungwirth
Price Target
$55 -> $65
AI Analysis
2026-01-27
New
maintain
Outperform
Reason
BMO Capital analyst Phillip Jungwirth raised the firm's price target on Baker Hughes to $65 from $55 and keeps an Outperform rating on the shares after its Q4 earnings beat. The quarter demonstrated margin gains and strong demand across IET, Industrial & Energy Technology, end-markets, highlighted by meaningful power exposure, the analyst tells investors in a research note.
Citi
Buy
maintain
$61 -> $64
2026-01-27
New
Reason
Citi
Price Target
$61 -> $64
2026-01-27
New
maintain
Buy
Reason
Citi raised the firm's price target on Baker Hughes to $64 from $61 and keeps a Buy rating on the shares. Fourth quarter results and 2026 guidance should quell fears of falling order intake, stagnation in industrial and energy technology revenue and limited EBITDA growth, Citi told investors in a research note. The firm added that closing of the Chart acquisition offers further EBITDA upside via cost synergies initially and commercial synergies longer term.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for BKR
Unlock Now
Barclays
NULL -> Overweight
maintain
$55 -> $57
2026-01-27
New
Reason
Barclays
Price Target
$55 -> $57
2026-01-27
New
maintain
NULL -> Overweight
Reason
Barclays raised the firm's price target on Baker Hughes to $57 from $55 and keeps an Overweight rating on the shares. The company posted another strong quarter with orders exceeding expectations, the analyst tells investors in a research note.
Stifel
Stephen Gengaro
Buy
maintain
$57 -> $58
2026-01-27
New
Reason
Stifel
Stephen Gengaro
Price Target
$57 -> $58
2026-01-27
New
maintain
Buy
Reason
Stifel analyst Stephen Gengaro raised the firm's price target on Baker Hughes to $58 from $57 and keeps a Buy rating on the shares. The firm is tweaking its estimates following a "strong" Q4 beat and modestly better-than-anticipated Q1 and full-year 2026 guidance, the analyst tells investors in a post-earnings note.
About BKR
Baker Hughes Company is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The Company operates in two segments: 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 is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea and Surface Pressure Systems. 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 (LNG) operations, downstream refining and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors.
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.
