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Schlumberger Ltd has a consensus price target of $61.76 based on the ratings of 28 analysts. The high is $81 issued by Societe Generale on October 10, 2023. The low is $37 issued by JP Morgan on October 7, 2021. The 3 most-recent analyst ratings were released by DBS Bank, UBS, and Morgan Stanley on September 18, 2024, September 18, 2024, and September 16, 2024, respectively. With an average price target of $60.5 between DBS Bank, UBS, and Morgan Stanley, there's an implied 42.42% 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 DBS Bank on September 18, 2024. The analyst firm set a price target for $64.50 expecting SLB to rise to within 12 months (a possible 51.84% upside). 42 analyst firms have reported ratings in the last year.
The latest analyst rating for Schlumberger (NYSE:SLB) was provided by DBS Bank, and Schlumberger initiated 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 September 18, 2024 so you should expect the next rating to be made available sometime around September 18, 2025.
While ratings are subjective and will change, the latest Schlumberger (SLB) rating was a initiated with a price target of $0.00 to $64.50. The current price Schlumberger (SLB) is trading at is $42.48, which is within the analyst’s predicted range.
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