
NOV (NOV) Stock Forecast & Price Target
NOV (NOV) Analyst Ratings
Bulls say
NOV is a premier equipment supplier to the energy industry with a broad global reach and a diverse customer base. While near-term challenges may persist, a potential capital equipment cycle and tailwinds from offshore activity, flexible pipe contracts, and Middle East drilling activity could drive significant earnings growth in the medium term. Adjusted EBITDA is expected to improve in 2026 and reach $1.2Bn in 2027, providing a solid foundation for future growth. The company's strong cash flow generation and backlog-based exposure to the energy equipment segment also provide financial stability and upside potential for investors in the long term.
Bears say
NOV is facing significant challenges with a decline in revenue and EBITDA, impacted by the ongoing Middle East disruptions and decreased drilling and completion activity. The company's sustainability measures are not fully integrated into its strategy, but its focus on energy transition technologies and safety automation equipment may provide some long-term growth opportunities. However, in the short-term, NOV's financial outlook remains negative, with a decrease in revenue and EBITDA projected for the next quarter due to ongoing supply chain disruptions.
This aggregate rating is based on analysts' research of NOV and is not a guaranteed prediction by Public.com or investment advice.
NOV (NOV) Analyst Forecast & Price Prediction
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