
NOV (NOV) Stock Forecast & Price Target
NOV (NOV) Analyst Ratings
Bulls say
NOV is well-positioned for future growth as revenues from its Wellbore Technologies and Completion & Production Solutions segments are expected to increase, fueled by heightened industry utilization and service demand, which are anticipated to contribute to improved pricing and expanded margins. Additionally, the company is benefiting from favorable operational trends, including higher EBITDA margins projected at 12.8%, and an increase in free cash flow, bolstered by efficient management of working capital and a commitment to shareholder returns. Furthermore, NOV's strategic focus on emissions reduction technology aligns with industry trends, positioning the company favorably within the evolving energy landscape.
Bears say
The analysis presents a negative outlook on NOV's stock primarily due to a revised fiscal year 2024 guidance reflecting lower than anticipated growth prospects driven by decreased activity in North America. Key revenue growth expectations for the Wellbore Technologies and Completion & Production Solutions segments indicate potential underperformance in both revenue and margins, as reduced activity levels lead to compromised cost absorption. Additionally, NOV's projected consolidated year-over-year revenue growth remains subdued in the low to mid-single digits, along with an adjusted EBITDA forecast that has been modestly lowered, highlighting ongoing operational challenges amid a fluctuating market environment.
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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