Stock Price & Analysis

Based on the provided data and recent market activity, here's a concise analysis of BKR:

Technical Analysis The stock is showing bullish momentum with RSI at 64.16, indicating strong but not overbought conditions. Current price at $45.71 is trading above its 20-day SMA of $43.71, suggesting positive short-term momentum.

Recent Developments Morgan Stanley has highlighted BKR as a top pick due to its strong exposure to gas markets, operational spending, and new energy opportunities. The company's diversified business model and focus on digital solutions position it well in the current market environment.

Industry Context The latest Baker Hughes rig count data shows a decline in U.S. oil and gas rigs for three consecutive weeks, but the EIA projects increased U.S. crude output to 13.6 million bpd in 2025, suggesting potential long-term business opportunities despite near-term headwinds.

Price Levels Key fibonacci levels show:

• Resistance: R1 at $47.07, R2 at $48.18
• Support: S1 at $43.46, S2 at $42.35
• Current pivot point: $45.27

Recommendation BUY. The stock shows strong technical momentum while trading at reasonable levels, with multiple analysts maintaining buy ratings and price targets in the $48-52 range.

Based on the provided data and market context, here is the price prediction analysis for BKR stock:

Baker Hughes (BKR) stock is expected to reach $50 by mid-2025, driven by strong positioning in gas markets and new energy opportunities according to Jefferies' recent price target upgrade. The stock should benefit from Morgan Stanley's positive outlook on defensive energy plays and exposure to gas markets, digital solutions, and new energy opportunities.

The technical analysis shows BKR is currently trading at $45.71 with strong support at $43.46 (Fibonacci S1) and resistance at $47.07 (Fibonacci R1). The RSI reading of 64.16 indicates momentum remains bullish but approaching overbought territory. The positive MACD of 1.21 confirms the upward trend.

The S1 support level for BKR Stock is $43.46 ,The R1 resistant level for BKR Stock is $47.07.

As of the end of day on 2025-01-24, the price of BKR Stock was $45.71.

The target price for BKR Stock according to analyst rating is 48.79, with the highest price target at 53.00 and the lowest at 42.00. Analysts have a Strong Buy rating on BKR Stock overall.

The market cap of BKR is $45.1B.

Based on the provided data, I'll analyze whether BKR is overvalued through multiple aspects.

Valuation Metrics Current PE ratio of 18.59x is relatively high compared to historical levels, showing a steady increase from 16.19x in Q3 2024. EV/EBITDA at 9.39x also indicates a premium valuation versus historical norms.

Analyst Consensus Recent analyst actions strongly suggest BKR is not overvalued:

• Goldman Sachs raised PT to $52 (Jan 23, 2025)
• Evercore ISI increased PT to $52 (Jan 15, 2025)
• Multiple firms maintain Strong Buy ratings with PTs ranging $48-$52

Growth Drivers The company's strong positioning in global gas infrastructure and continued margin expansion justify current valuation. Morgan Stanley specifically highlights BKR's "dominant market position and defensible technological advantage in the LNG value chain" as key strengths.

Technical Support Current Fibonacci levels show strong support at $43.46 with resistance at $47.07, suggesting balanced risk-reward at current prices. RSI at 64.16 indicates momentum without being overbought.

Based on these factors, BKR is not overvalued considering its market position, growth prospects, and strong analyst support.

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.

Based on the provided data and market analysis, here is the price prediction for Baker Hughes (BKR) stock by 2030:

Baker Hughes stock is projected to reach $85-95 by 2030, driven by its strong position in gas markets, digital solutions, and new energy opportunities. The company's strategic shift towards gas over oil and emphasis on digital transformation and renewable energy positions it well for long-term growth.

Morgan Stanley's analysis indicates BKR as a top pick due to its defensive and diversified energy portfolio, particularly highlighting its exposure to gas markets and operational spending. The company's focus on non-upstream segments and digital solutions provides additional growth catalysts for sustainable long-term value creation.

BKR has a total of 58000 employees.