
NOV (NOV) Stock Forecast & Price Target
NOV (NOV) Analyst Ratings
Bulls say
NOV is positioned favorably for revenue growth and margin expansion due to anticipated improvements in industry utilization and increased activity, which are expected to drive better pricing and heightened service demand. The company's margin improvement initiatives are projected to continue, with estimated EBITDA margins expanding by 10 basis points in 2026, even in the face of potential industry slowdowns and tariff-related challenges. Additionally, higher-than-expected commodity prices and stronger competitive dynamics further bolster NOV's outlook by contributing to improved exploration and production spending.
Bears say
NOV's Energy Equipment division reported EBITDA that fell 3% short of expectations, significantly impacted by lower industry activity levels, which has raised concerns regarding future performance. The overall EBITDA of $252 million was 2% below RBC estimates and situated at the lower end of management's guidance range of $250-280 million, reflecting potential operational inefficiencies. Additionally, while free cash flow of $108 million outperformed RBC's estimate of $80 million, the declining EBITDA raises questions about the sustainability of cash generation amidst challenging market conditions.
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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