Analyst Lloyd Byrne from Jefferies maintained a Buy rating on Baker Hughes Company and keeping the price target at $67.00.
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Lloyd Byrne has given his Buy rating due to a combination of factors that highlight Baker Hughes’ resilient fundamentals despite near‑term headwinds. He expects temporary pressure on the Oilfield Services & Equipment segment from Middle East disruptions, but views this as largely transitory, with management likely to adjust only near‑term quarterly estimates while keeping the broader multi‑year framework intact.
At the same time, he sees the Industrial & Energy Technology business as a key strength, with performance tracking at or above guidance and underpinned by a solid LNG project pipeline, delayed global oversupply, and long‑term demand for gas technology. He also points to the company’s path toward a roughly 20% EBITDA margin target by 2028, potential benefits from the anticipated GTLS transaction, and growing opportunities in power solutions and new energy, all of which support a constructive long‑term risk‑reward profile for the shares.
In another report released on March 31, BMO Capital also maintained a Buy rating on the stock with a $70.00 price target.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BKR in relation to earlier this year.