
NOW (DNOW) Stock Forecast & Price Target
NOW (DNOW) Analyst Ratings
Bulls say
Dnow Inc. demonstrates a positive outlook, supported by an anticipated prolonged demand in the upstream market, projected to remain attractive until the 2030s. The company's revenue generation has benefited from acquisitions made in 2022 and 2023, with international revenue experiencing a notable year-over-year increase of 24.1%, showcasing strong organic growth and operational strength. With a robust free cash flow expectation of $150 million for 2024 and a debt-free balance sheet, Dnow possesses considerable financial flexibility to enhance its capital deployment strategies, further bolstering its market position and profitability.
Bears say
Dnow Inc. reported a 13.3% year-over-year decrease in revenue in Canada, dropping to $65.0 million from $75.0 million in the previous year, which was below expectations. While the company experienced an increase in adjusted operating income in some areas, overall profitability declined across various segments, with adjusted operating income showing a decrease in multiple quarters compared to the prior year. Key risks affecting the company's outlook include persistently low oil prices, ongoing supply chain issues, heightened competition, and challenges in managing acquisitions effectively.
This aggregate rating is based on analysts' research of NOW and is not a guaranteed prediction by Public.com or investment advice.
NOW (DNOW) Analyst Forecast & Price Prediction
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