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Schlumberger Ltd has a consensus price target of $61.76 based on the ratings of 25 analysts. The high is $81 issued by Societe Generale on October 10, 2023. The low is $49 issued by Wells Fargo on September 25, 2024. The 3 most-recent analyst ratings were released by Citigroup, TD Cowen, and Stifel on October 22, 2024, October 21, 2024, and October 21, 2024, respectively. With an average price target of $59.67 between Citigroup, TD Cowen, and Stifel, there's an implied 36.38% upside for Schlumberger Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Schlumberger (NYSE:SLB) was reported by Citigroup on October 22, 2024. The analyst firm set a price target for $54.00 expecting SLB to rise to within 12 months (a possible 23.43% upside). 51 analyst firms have reported ratings in the last year.
The latest analyst rating for Schlumberger (NYSE:SLB) was provided by Citigroup, and Schlumberger maintained their buy rating.
The last upgrade for Schlumberger Ltd happened on July 27, 2022 when Benchmark raised their price target to $55. Benchmark previously had a hold for Schlumberger Ltd.
The last downgrade for Schlumberger Ltd happened on April 29, 2024 when Wells Fargo changed their price target from $68 to $53 for Schlumberger Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Schlumberger, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Schlumberger was filed on October 22, 2024 so you should expect the next rating to be made available sometime around October 22, 2025.
While ratings are subjective and will change, the latest Schlumberger (SLB) rating was a maintained with a price target of $60.00 to $54.00. The current price Schlumberger (SLB) is trading at is $43.75, which is out of the analyst’s predicted range.
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