Hamed Khorsand, an analyst from BWS Financial, maintained the Buy rating on Seadrill Limited. The associated price target remains the same with $80.00.
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Hamed Khorsand has given his Buy rating due to a combination of factors, including recent contract announcements that provide Seadrill Limited (SDRL) with stable revenue streams through the second half of 2026. These contracts alleviate concerns about gaps in utilization that had previously weighed on investor sentiment.
Khorsand also highlights the potential for future contract awards, such as the anticipated deal with Petrobras, which has experienced delays but remains a promising prospect. These developments, combined with a strong market cap and projected EBITDA, point to sustained growth opportunities for SDRL, supporting the Buy recommendation.