SLB's stock has surged by 3.01% and reached a 52-week high amid a challenging market environment, with the Nasdaq-100 down 1.33% and the S&P 500 down 0.70%.
The company is in discussions with the Trump administration to expand its operations in Venezuela, potentially attracting up to $100 billion in investments. As the longest-operating oilfield services company in the country, SLB has maintained its market share despite facing U.S. sanctions and is positioned to benefit from the revitalization of Venezuela's oil sector. This strategic move has significantly boosted investor confidence, contributing to the stock's recent performance.
The implications of SLB's expansion plans in Venezuela could lead to substantial revenue growth, especially given the company's strong international exposure. With a license to operate until May 2025, SLB is well-positioned to capitalize on the expected increase in oil production and market activity in the region.
Wall Street analysts forecast SLB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLB is 48.71 USD with a low forecast of 43.00 USD and a high forecast of 55.00 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.
16 Analyst Rating
Wall Street analysts forecast SLB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLB is 48.71 USD with a low forecast of 43.00 USD and a high forecast of 55.00 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.
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.320
Low
43.00
Averages
48.71
High
55.00
Current: 49.320
Low
43.00
Averages
48.71
High
55.00
Morgan Stanley
NULL
to
Overweight
maintain
$43 -> $50
2026-01-21
New
Reason
Morgan Stanley
Price Target
$43 -> $50
AI Analysis
2026-01-21
New
maintain
NULL
to
Overweight
Reason
Morgan Stanley raised the firm's price target on SLB to $50 from $43 and keeps an Overweight rating on the shares. Heading into Q4 results, the firm's forecasts are roughly in-line with consensus for its energy services and equipment coverage overall on Q4 and 2026 EBITDA estimates, the analyst tells investors in a preview for the group.
Susquehanna
Positive
maintain
$42 -> $52
2026-01-07
Reason
Susquehanna
Price Target
$42 -> $52
2026-01-07
maintain
Positive
Reason
Susquehanna raised the firm's price target on SLB to $52 from $42 and keeps a Positive rating on the shares. With U.S. rig and frac spread count flattish from Q3 levels heading into Q4 earnings season for the oilfield services sector, U.S. drilling and completions activity "appears to have held in better than most were expecting," the analyst tells investors in a group preview.
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TD Cowen
Buy
downgrade
$57 -> $55
2026-01-07
Reason
TD Cowen
Price Target
$57 -> $55
2026-01-07
downgrade
Buy
Reason
TD Cowen lowered the firm's price target on SLB to $55 from $57 and keeps a Buy rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.
Freedom Capital
Buy
to
Hold
downgrade
$47
2026-01-06
Reason
Freedom Capital
Price Target
$47
2026-01-06
downgrade
Buy
to
Hold
Reason
Freedom Capital downgraded SLB to Hold from Buy with a $47 price target. The "euphoria" in the U.S. oil and gas sector triggered by the U.S. operation in Venezuela is "unjustified," contends the analyst, who calls rising oil and gas equities amid declining oil prices "a dangerous game for investors." The sharp rally in U.S. oil and gas stocks over recent months shows little regard for the sector's negative fundamental backdrop, marked by falling oil prices and an oversupplied market, the analyst argues.
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
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.
