Analyst Phillip Jungwirth from BMO Capital maintained a Hold rating on NOV and increased the price target to $21.00 from $20.00.
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Phillip Jungwirth has given his Hold rating due to a combination of factors, primarily the near‑term earnings pressure stemming from NOV’s Middle East disruptions. The company pre‑announced a meaningful hit to first‑half 2026 revenue and EBITDA, leading him to cut his full‑year profit and earnings forecasts, while noting that peers have outperformed the stock and offer superior growth, margin, and return profiles.
At the same time, he acknowledges NOV’s late‑cycle positioning should still support order growth and some margin expansion over time, especially if stronger crude prices sustain activity into the second half. However, ongoing supply chain issues, uneven order momentum, and comparatively less attractive free‑cash‑flow and capital‑return prospects versus competitors limit upside, making a Hold stance more appropriate than a more aggressive rating.
In another report released yesterday, Morgan Stanley also assigned a Hold rating to the stock with a $20.00 price target.
Based on the recent corporate insider activity of 49 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 NOV in relation to earlier this year.