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

Baker Hughes (NASDAQ:BKR) had its target price increased by TD Cowen from $55.00 to $64.00 in a report issued on Tuesday morning, MarketBeat.com reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms have also weighed in on BKR. Stifel Nicolaus boosted their target price on Baker Hughes from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays upped their price objective on shares of Baker Hughes from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler raised their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Zephirin Group lifted their target price on shares of Baker Hughes from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Monday. Finally, Susquehanna increased their price target on shares of Baker Hughes from $58.00 to $65.00 and gave the company a “positive” rating in a report on Tuesday. Twenty-one research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and a consensus target price of $56.35.

Baker Hughes Stock Up 0.5%

Baker Hughes stock opened at $56.55 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. The company’s 50-day moving average is $48.80 and its 200-day moving average is $46.84. The firm has a market capitalization of $55.80 billion, a PE ratio of 21.75, a P/E/G ratio of 1.77 and a beta of 0.89. Baker Hughes has a fifty-two week low of $33.60 and a fifty-two week high of $57.58.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Sunday, January 25th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. The business had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Baker Hughes had a return on equity of 14.51% and a net margin of 9.33%.Baker Hughes’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. Sell-side analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Institutional Trading of Baker Hughes

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Baker Hughes by 0.5% during the third quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company’s stock worth $6,035,924,000 after purchasing an additional 598,159 shares during the period. Capital World Investors grew its position in Baker Hughes by 7.1% during the third quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock worth $2,316,462,000 after buying an additional 3,153,709 shares in the last quarter. Capital Research Global Investors grew its position in Baker Hughes by 7.1% during the third quarter. Capital Research Global Investors now owns 25,903,241 shares of the company’s stock worth $1,262,033,000 after buying an additional 1,728,016 shares in the last quarter. Geode Capital Management LLC increased its stake in Baker Hughes by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,875,670 shares of the company’s stock worth $987,961,000 after acquiring an additional 397,984 shares during the period. Finally, Norges Bank acquired a new position in Baker Hughes in the 2nd quarter valued at $862,722,000. Institutional investors own 92.06% of the company’s stock.

Trending Headlines about Baker Hughes

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.