SLB Price Prediction Next Week
Technical Analysis: SLB's stock is currently showing mixed signals. The RSI-14 at 52.84 indicates neutral momentum, while the MACD (0.42) suggests a slight bullish trend. The stock is trading above its 20-day SMA ($41.41) but below its 200-day SMA ($43.07), indicating short-term strength but longer-term weakness.
Price Targets and Support/Resistance Levels:
- Fibonacci levels indicate key resistance at $42.78 and support at $40.43
- Next major resistance at $43.50
- Strong support established at $39.70
News Analysis and Catalysts:
- Recent positive analyst coverage with BofA raising price target to $48
- Strong Q4 2024 earnings beat with EPS of $0.92 and revenue of $9.3 billion
- New legislation (H.R. 662) potentially benefiting energy companies after December 2025
- High rating (90%) from Validea's Earnings Yield Investor model
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Base case (60% probability): $42.50-43.20
- Bullish case (25% probability): $43.50-44.00
- Bearish case (15% probability): $41.00-41.50
Trading Recommendation: BUY
- Entry point: Current price ($41.79)
- Target: $43.20 (short-term)
- Stop loss: $40.43 (Fibonacci S1 level)
Rationale:
- Strong technical support levels
- Positive earnings momentum
- Favorable analyst sentiment
- International market growth potential, especially in Middle East and Asia
The stock shows potential for a short-term bounce from current levels, supported by both technical and fundamental factors. The risk-reward ratio appears favorable at current prices.
SLB Similar Chart Price Prediction
The price of SLB is predicted to go up -1.38%, based on the high correlation periods with CHX. The similarity of these two price pattern on the periods is 99.3%.
SLB
CHX
Down: -1.38%Similarity: 99.3%
SLB Revenue Forecast
SLB EPS Forecast
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SLB VS S&P500
SLB's routine investment in research and development have made it the leading innovator in oilfield services.
The firm's recent investment in digital solutions and integrated services will create value-accretive revenue streams with high demand.
SLB's high exposure to non-US markets will mitigate adverse effects from volatility in the oil and gas markets.
SLB Analyst's Forecast
Scott Gruber
Citigroup
Strong Buy
2025-01-21
Price Target
$50 → $54
Upside
+23.46%
Citi raised the firm's price target on SLB (SLB) to $54 from $50 and keeps a Buy rating on the shares after the company reported "solid" earnings and "an even better 2025 update." The firm, which notes that SLB made the case for flat revenue and EBITDA in 2025 despite a sizable asset sale and several market headwinds, raised its EBITDA forecast, including ChampionX (CHX), to $9.59B in 2025, or $9.79B including other income.
Arun Jayaram
JP Morgan
Buy
2025-01-21
Price Target
$48 → $50
Upside
+14.31%
James West
Evercore ISI Group
Buy → Hold
2025-01-15
Price Target
$62 → $44
Upside
+8.27%
