TD Cowen Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its price target raised by equities researchers at TD Cowen from $55.00 to $64.00 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 13.70% from the stock’s current price.

A number of other research analysts have also issued reports on BKR. Industrial Alliance Securities set a $60.00 price objective on shares of Baker Hughes in a report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Baker Hughes from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI set a $54.00 price target on shares of Baker Hughes in a report on Monday, October 27th. Zephirin Group boosted their price objective on shares of Baker Hughes from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Bank of America raised their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Twenty-one research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average target price of $56.09.

Baker Hughes Stock Up 4.4%

Shares of BKR opened at $56.29 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes has a 52 week low of $33.60 and a 52 week high of $56.89. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.70 and a beta of 0.89. The stock has a fifty day moving average of $48.63 and a 200-day moving average of $46.73.

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

Institutional Investors Weigh In On Baker Hughes

Several large investors have recently added to or reduced their stakes in BKR. Activest Wealth Management grew its position in shares of Baker Hughes by 1,242.5% during the 3rd quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after buying an additional 497 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in Baker Hughes by 104.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock worth $32,000 after acquiring an additional 337 shares in the last quarter. Harbour Investments Inc. grew its holdings in Baker Hughes by 61.7% in the second quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after purchasing an additional 326 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in shares of Baker Hughes during the second quarter valued at about $36,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Baker Hughes during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes News Summary

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

About Baker Hughes

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.