Marc Bianchi, an analyst from TD Cowen, maintained the Buy rating on Baker Hughes Company. The associated price target is $75.00.
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Marc Bianchi has given his Buy rating due to a combination of factors tied to Baker Hughes’ strong execution and improving outlook. The company materially outperformed expectations in the first quarter, with EBITDA well above guidance and consensus, led by standout margins in its Industrial & Energy Technology segment and consistent outperformance versus peers.
He also highlights exceptionally strong IET orders, record backlog, and rising confidence in management’s multi‑year order targets, particularly in power systems and data center projects.
In addition, near‑term guidance for the second quarter and full year 2026 is holding at or slightly above consensus despite Middle East disruptions, which he views favorably relative to other oilfield service companies. Finally, his discounted cash flow analysis supports a higher price target of $75, reflecting improved long‑term earnings power from robust IET growth and resilient OFSE activity outside the Middle East.
According to TipRanks, Bianchi is a 4-star analyst with an average return of 7.3% and a 49.79% success rate. Bianchi covers the Energy sector, focusing on stocks such as Tenaris SA, Liberty Energy, and Baker Hughes Company.