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Baker Hughes (BKR) is drawing fresh attention after announcing collaborations in AI-enabled power optimization for data centers, a geothermal project in New Mexico, and new LNG equipment orders tied to an offshore Texas export terminal.
See our latest analysis for Baker Hughes.
At a share price of US$60.38, Baker Hughes has seen a 28.1% year to date share price return and a 73.9% total shareholder return over the past year. This performance aligns with recent data center, LNG and geothermal contract wins.
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With Baker Hughes trading at US$60.38 and sitting close to analyst targets yet flagged with an intrinsic discount, you have to ask: is there still mispricing here or are markets already baking in the next leg of growth?
The most followed valuation narrative sees Baker Hughes worth about $61.33 per share, slightly above the recent $60.38 price, and anchors that view on long term contract visibility and earnings durability.
The company’s strong momentum in securing large-scale service contracts, framework agreements, and technology-driven orders (such as for data centers, LNG, CCS, and recurring gas tech services) is driving an all-time high IET backlog, building strong visibility into future revenue and supporting sustained earnings durability.
Curious what is baked into that fair value? The narrative leans heavily on steady revenue, firmer margins and a future earnings multiple that assumes solid execution without stretching sector norms.
Result: Fair Value of $61.33 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, you also have to weigh tariff and supply chain cost pressure, as well as ongoing exposure to volatile upstream spending, which could both challenge that earnings durability story.
Find out about the key risks to this Baker Hughes narrative.
Mixed on the story so far or leaning one way? Act while the details are fresh and carefully evaluate the balance of 3 key rewards and 1 important warning sign.
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