J.P. Morgan analyst Arun Jayaram has maintained their bullish stance on SLB stock, giving a Buy rating yesterday.
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Arun Jayaram has given his Buy rating due to a combination of factors, starting with the view that the market has punished SLB’s shares more than warranted for the temporary earnings setback tied to Middle East demobilization. He believes the estimated first-quarter revenue and EPS impact from suspended travel and phased operational pullbacks is manageable relative to the company’s overall global footprint and long-term earnings power.
At the same time, Jayaram underscores SLB’s strong positioning in key international markets, including its long-established Middle East presence and exposure to multi-year development programs in LatAm, the Middle East, and Asia. He expects upstream spending to strengthen later in the decade, supported by tighter oil fundamentals, and highlights SLB’s history of successfully navigating geopolitical disruptions, reinforcing confidence that current headwinds are transitory rather than structural.
In another report released yesterday, TipRanks – DeepSeek also reiterated a Buy rating on the stock with a $53.00 price target.
SLB’s price has also changed moderately for the past six months – from $36.030 to $48.170, which is a 33.69% increase.