
NOV (NOV) Stock Forecast & Price Target
NOV (NOV) Analyst Ratings
Bulls say
NOV has demonstrated robust demand for its offshore production equipment, leading to substantial year-over-year and sequential revenue growth, indicative of favorable market conditions. The company's energy equipment backlog increased to $4,560 million, surpassing previous estimates and reflecting a 6.5% sequential improvement, positioning NOV well for future revenue stability. Additionally, EBITDA margins improved to 14.4%, attributed to effective cost controls and enhanced operational efficiencies, suggesting potential for further margin expansion despite anticipated industry challenges.
Bears say
The financial outlook for NOV has been negatively influenced by a significant decline in its adjusted EBITDA, which fell to $135.0 million, representing a 21.5% decrease from the previous year, despite beating estimates slightly. Additionally, the company's total revenue remains largely flat, with guidance indicating further expected declines of 5-7% in 4Q25 and 8-10% year-over-year, reflecting weaker global drilling activity and project delays. Consequently, the combination of reduced profitability, stagnating revenue, and a forecasted downturn in future earnings underscores the fundamental challenges facing NOV's stock performance.
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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