
NOV (NOV) Stock Forecast & Price Target
NOV (NOV) Analyst Ratings
Bulls say
NOV is a premier equipment supplier in the oil and gas industry, offering innovative technologies such as solar tracking systems and geothermal tools. Despite challenges in Middle Eastern markets and supply chain disruptions due to the Iran War, NOV maintains solid financials and a diverse, experienced board of directors. With a positive outlook on future drivers of E&P spending and a backlog-based business model, our target price of $23 is supported by strong FCF generation, consistent with peers.
Bears say
NOV is facing various challenges in its operations, including equipment attrition in North America, geopolitical risks such as a potential prolonged war with Iran, and increased regulation for the oil and gas industry. Additionally, the company's financial outlook for the near future is not very optimistic, with lower revenue and adjusted EBITDA projections for the first quarter of 2026 and reduced forecasts for 2026 and 2027. This, along with other risks and disruptions, leads to a negative outlook on NOV's stock.
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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