SLB Price Prediction Next Week
Based on the recent technical analysis and news sentiment, here's the price prediction for SLB for the next trading week:
Technical Analysis
The stock has shown signs of downside exhaustion and potential reversal according to recent technical indicators. Key technical levels include:
- Support: $36.50 (December low)
- Resistance: $43.70 (200-day moving average)
- Secondary resistance: $48.00 (weekly cloud model)
News & Fundamental Factors
- Strong Q4 2024 earnings with EPS of $0.92 and revenue of $9.3 billion, exceeding expectations
- Positive margin expansion and increased AI adoption
- Reduced 2025 capital investment projections to $2.3 billion from $2.6 billion
- Wall Street maintains "Strong Buy" rating with 17 Strong Buy, 3 Moderate Buy, and 5 Hold ratings
- Mean price target of $53.46 suggests significant upside potential
Price Prediction for Next Week Based on technical indicators and positive fundamentals:
- Base case: $42.50-43.70 (break above 200-day MA)
- Bullish case: $44.50-45.00
- Bearish case: $39.20-40.00
Recommendation: BUY
- Entry point: Current levels around $40.30
- Stop loss: $39.20 (daily cloud support)
- Target: $43.70 (200-day MA resistance)
The stock shows strong potential for a technical reversal supported by solid fundamentals and positive analyst sentiment. The risk-reward ratio appears favorable at current levels.
SLB Revenue Forecast
SLB EPS Forecast
SLB FAQs
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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%
