Analyst Trims Baker Hughes (BKR) Price Target by $5

Baker Hughes Company (NASDAQ:BKR) is an vigor exertion institution that provides solutions for vigor and concern customers worldwide.

On May 19, BofA trimmed its terms people connected Baker Hughes Company (NASDAQ:BKR) from $80 to $75, but maintained its ‘Buy’ standing connected the shares. The people cut, which inactive indicates an upside of implicit 13% from the existent levels, comes arsenic the expert steadfast updated its oilfield services models for Q1 net and 10-Q reports. BofA noted that its forecasts for 2027 and 2028 EBITDA are connected mean 10% and 16% supra consensus, respectively.

Baker Hughes Company (NASDAQ:BKR) exceeded estimates successful its Q1 2026 study past month, arsenic the robust request successful its concern and vigor exertion ‌unit offset drilling weakness caused by the disruptions successful the Middle East. The institution achieved full orders of $8.2 cardinal during the quarter, including $4.9 cardinal from IET, driven by the maturation successful energy request from information centers, on with investments successful LNG, ​gas infrastructure, and grid equipment.

Baker Hughes Company (NASDAQ:BKR) is expecting full gross of $6.5 cardinal and adjusted EBITDA of $1.13 cardinal successful Q2. Moreover, the institution reaffirmed its guidance of $27.25 cardinal successful gross and $4.85 cardinal successful adjusted EBITDA for the full-year 2026.

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