JPMorgan Chase & Co. Issues Positive Forecast for Baker Hughes (NASDAQ:BKR) Stock Price

Baker Hughes (NASDAQ:BKR) had its price target boosted by JPMorgan Chase & Co. from $53.00 to $60.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also weighed in on the stock. Industrial Alliance Securities set a $60.00 target price on shares of Baker Hughes in a research note on Tuesday. HSBC upped their price objective on Baker Hughes from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Stifel Nicolaus lifted their target price on Baker Hughes from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Baker Hughes in a research report on Monday, December 29th. Finally, Evercore ISI set a $54.00 price target on shares of Baker Hughes in a research note on Monday, October 27th. Twenty-one analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.35.

Baker Hughes Price Performance

NASDAQ BKR opened at $56.55 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. The stock has a market cap of $55.80 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.77 and a beta of 0.89. The business has a 50 day simple moving average of $48.80 and a 200 day simple moving average of $46.84. Baker Hughes has a 52-week low of $33.60 and a 52-week high of $57.58.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Sunday, January 25th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.51%. The company 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 company earned $0.70 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Baker Hughes

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Wealth Partners LLC boosted its holdings in shares of Baker Hughes by 164.3% in the 4th quarter. Private Wealth Partners LLC now owns 48,500 shares of the company’s stock valued at $2,209,000 after buying an additional 30,150 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Baker Hughes by 35.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 565,995 shares of the company’s stock worth $25,775,000 after acquiring an additional 147,640 shares in the last quarter. Belpointe Asset Management LLC raised its position in Baker Hughes by 12.6% during the fourth quarter. Belpointe Asset Management LLC now owns 32,475 shares of the company’s stock worth $1,479,000 after acquiring an additional 3,632 shares in the last quarter. Fortis Capital Advisors LLC lifted its stake in Baker Hughes by 24.2% in the fourth quarter. Fortis Capital Advisors LLC now owns 23,677 shares of the company’s stock valued at $1,078,000 after acquiring an additional 4,616 shares during the last quarter. Finally, Krilogy Financial LLC grew its position in shares of Baker Hughes by 3.2% in the 4th quarter. Krilogy Financial LLC now owns 5,722 shares of the company’s stock valued at $261,000 after acquiring an additional 180 shares during the period. Institutional investors own 92.06% of the company’s stock.

Key Baker Hughes News

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

• Positive Sentiment: Q4 beat and segment strength — BKR beat EPS and revenue expectations with $0.78/share and $7.39B in revenue; adjusted profit and record EBITDA were driven by strength in the Industrial & Energy Technology (IET) unit, which offsets softness in legacy oilfield services. Earnings Beat
• Positive Sentiment: Multiple analyst upgrades and higher price targets — Several firms raised ratings/targets (TD Cowen to $64, BMO to $65, JPMorgan to $60, Capital One to $59), signaling cross-market bullishness and supporting upside expectations. Capital One Target Raise BMO / The Fly Coverage JPMorgan Note
• Positive Sentiment: Momentum: shares reached a new 1‑year high following upgrades, indicating bullish positioning by investors and funds. 1-Year High Coverage
• Neutral Sentiment: Venezuela opportunity noted — Management highlighted meaningful revenue potential in Venezuela but emphasized safety, employee conditions and legal/regulatory clarity as gating factors; this is opportunity + execution risk. Reuters: Venezuela Opportunity
• Neutral Sentiment: Company issued revenue ranges for Q1 and FY2026 but did not provide concrete EPS targets in the release, leaving guidance somewhat broad (Q1 and FY revenue ranges were provided). See the slide deck/press materials for details. Press Slide Deck
• Neutral Sentiment: Short-interest report shows no meaningful change (data appears to report zeros/incomplete), so it is not a current driver of price action.
• Negative Sentiment: Analyst dissent and lower targets exist — a smaller shop (Zephirin Group) still has a $45 target/hold rating, highlighting some disagreement on upside and valuation sensitivity. Zephirin Note
• Negative Sentiment: Guidance ambiguity — the absence of explicit EPS guidance increases near-term uncertainty; investors may re-rate if future profitability guidance is not forthcoming or misses expectations.

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.