Baker Hughes (NASDAQ:BKR) Price Target Raised to $60.00

Baker Hughes (NASDAQ:BKR) had its target price increased by research analysts at JPMorgan Chase & Co. from $53.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 6.59% from the stock’s current price.

A number of other analysts have also issued reports on the stock. HSBC lifted their price objective on shares of Baker Hughes from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Baker Hughes in a research note on Monday, December 29th. Stifel Nicolaus boosted their price objective on shares of Baker Hughes from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna raised their target price on Baker Hughes from $56.00 to $58.00 and gave the company a “positive” rating in a research note on Wednesday, January 7th. Finally, Citigroup lifted their target price on Baker Hughes from $55.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Twenty-one investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.70.

Baker Hughes Stock Up 4.4%

Shares of NASDAQ BKR opened at $56.29 on Tuesday. The stock has a fifty day moving average price of $48.63 and a 200 day moving average price of $46.73. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Baker Hughes has a 12-month low of $33.60 and a 12-month high of $56.89. The company has a market cap of $55.55 billion, a P/E ratio of 19.41, a P/E/G ratio of 1.70 and a beta of 0.89.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Sunday, January 25th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.11. The company had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.09 billion. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%.The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. Research analysts anticipate that Baker Hughes will post 2.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Baker Hughes

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Baker Hughes by 0.5% in the third quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company’s stock valued at $6,035,924,000 after buying an additional 598,159 shares during the last quarter. Capital World Investors increased its holdings in shares of Baker Hughes by 7.1% in the 3rd quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock valued at $2,316,462,000 after acquiring an additional 3,153,709 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Baker Hughes by 7.1% in the 3rd quarter. Capital Research Global Investors now owns 25,903,241 shares of the company’s stock valued at $1,262,033,000 after acquiring an additional 1,728,016 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Baker Hughes by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,875,670 shares of the company’s stock valued at $987,961,000 after acquiring an additional 397,984 shares in the last quarter. Finally, Norges Bank bought a new position in Baker Hughes during the second quarter worth $862,722,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Key Baker Hughes News

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Q4 earnings beat and revenue outperformance — Baker Hughes reported $0.78 EPS vs. $0.67 consensus and revenue of $7.39B vs. $7.09B, supported by IET strength; this is the primary driver of the stock rally. MarketBeat Earnings
• Positive Sentiment: Record orders and backlog — company release showed $7.9B in orders for Q4 and record RPO of $35.9B (including record IET RPO), signaling durable demand in Industrial & Energy Technology. GlobeNewswire Press Release
• Positive Sentiment: Analyst upgrade / one‑year high — coverage noting the stronger fundamentals helped push BKR to a new 1‑year high after at least one upgrade, adding momentum to the move. AmericanBankingNews: Analyst Upgrade
• Positive Sentiment: Venezuela opportunity flagged — management said there’s meaningful revenue opportunity in Venezuela if safety and legal/regulatory clarity are in place, suggesting potential upside in international markets. Reuters: Venezuela Opportunity
• Neutral Sentiment: Guidance mixed — Baker Hughes updated Q1 and FY2026 revenue ranges (Q1 ~$6.1B–$6.7B; FY ~$26.2B–$28.3B). Ranges roughly bracket consensus (Q1 near consensus, FY slightly below midpoint), leaving interpretation dependent on margins and segment mix. (company guidance announcement)
• Negative Sentiment: Some analyst caution remains — Zephirin Group raised its price target slightly to $45 but kept a “hold,” and that PT remains well below the current market level, signaling lingering valuation/near‑term skepticism among some analysts. MarketScreener: Zephirin PT

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.