SLB’s consensus analyst price target has inched higher, now at $45.30 per share. This suggests cautious optimism among industry watchers. This slight uptick comes as opinions continue to evolve in response to the company’s operational performance and momentum in digital transformation, along with lingering sector uncertainties. Stay tuned to learn how you can keep ahead of the shifts in SLB’s investment narrative as market dynamics unfold.
Analyst Price Targets don’t always capture the full story. Head over to our Company Report to find new ways to value SLB.
🐂 Bullish Takeaways
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Barclays analyst J. David Anderson raised SLB’s price target to $48 from $46, maintaining an Overweight rating after the company’s latest earnings. Barclays highlights SLB’s unveiling of its digital segment and strong execution in its core businesses as reasons for optimism. The firm notes that SLB has a number of tailwinds at its back, pointing to momentum in digital transformation as a key growth driver.
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Melius Research initiated coverage of SLB with a Buy rating and an ambitious $82 price target. They emphasize the transformative impact of artificial intelligence within the industry, suggesting SLB stands to benefit from early-stage shifts in how energy and power are managed and monetized.
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UBS’s Josh Silverstein maintains a Buy rating, setting a price target at $44 (down from $45), while acknowledging persistent commodity headwinds that could dampen near-term upside. However, UBS continues to see value given SLB’s execution and strategic positioning.
🐻 Bearish Takeaways
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Morgan Stanley has lowered their price target to $43 from $45, while still holding an Overweight stance. The firm expects upcoming results to align with consensus but sees risk to performance estimates beyond 2026, indicating caution around medium-term expectations.
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Piper Sandler reduced their price target to $41 from $42 and maintains a Neutral rating. The firm points to ongoing supply and demand challenges in the sector, especially after recent declines in oil prices. Piper Sandler cautions that any meaningful upside for U.S. land-focused names, including SLB, might not materialize until later in 2026.
Overall, while SLB continues to attract bullish sentiment on its execution, digital transformation, and long-term growth potential, several analysts remain watchful of sector volatility and macroeconomic headwinds that could temper near-term valuation and performance.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
NYSE:SLB Community Fair Values as at Nov 2025
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SLB has launched Tela, a new agentic AI assistant embedded across its platforms. Tela is designed to enhance upstream energy workflows through the use of large language and domain foundation models. The goal is to enable more proactive and intelligent decision-making.
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The company has entered into a strategic agreement with Ormat Technologies to accelerate the development and commercialization of enhanced geothermal systems. This partnership aims to advance next-generation geothermal technology and to promote expansion of clean energy applications.
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SLB secured significant engineering, procurement, and construction contracts from PTTEP for offshore field expansions in Malaysia. Through its OneSubsea joint venture, SLB will provide comprehensive subsea production systems to support these projects.
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SLB completed a major tranche of its share repurchase program, buying back over 3.2 million shares in Q3 2025. This brings the total repurchased to nearly 10% of the program since 2016.
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Consensus Analyst Price Target has risen slightly from $45.16 to $45.30 per share. This reflects modest upward adjustments in fair value assessments.
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Discount Rate has fallen from 7.85% to 7.24%, which indicates an improved risk premium environment or evolving market conditions.
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Revenue Growth projection has increased marginally from 4.74% to 4.84%. This suggests greater confidence in SLB’s future topline expansion.
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Net Profit Margin estimate has improved, moving from 12.45% to 12.74%. This points to expectations for stronger profitability.
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Future P/E (price-to-earnings) ratio forecast has decreased from 19.88x to 19.09x. This highlights better earnings growth relative to share price performance.
Narratives are a smarter, more dynamic way to make investment decisions. They let investors connect a company’s story, what’s happening on the ground, to detailed financial forecasts and a fair value estimate. Narratives offer context behind the numbers, help you spot when the price diverges from fair value, and are automatically updated as new news or earnings emerge. On Simply Wall St, Narratives are just a click away in the Community page, trusted by millions.
Read the full original SLB Narrative and stay ahead with insights on:
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How SLB’s digital expansion and AI momentum are driving higher-margin, recurring revenue growth and setting the stage for long-term upside.
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The company’s diversification into low-carbon solutions and new technologies, which reduces risk from industry cycles and supports future earnings.
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Key risks and turning points, such as integration challenges and energy transition pressures, that could impact SLB’s targets, and how closely the fair value tracks real-time developments.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SLB.
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