Analyst Marc Bianchi from TD Cowen maintained a Buy rating on TechnipFMC (FTI – Research Report) and keeping the price target at $37.00.
Marc Bianchi has given his Buy rating due to a combination of factors that highlight TechnipFMC’s strong performance and potential for growth. The company has outperformed expectations, particularly in its Subsea segment, with a notable increase in EBITDA and strong free cash flow guidance for 2025. This performance is impressive given the current challenging commodity prices and uncertain macroeconomic environment.
Additionally, TechnipFMC’s management has shown confidence in the durability of their business, as evidenced by stronger-than-expected Subsea orders and a positive outlook for future inbound orders. The company’s ability to maintain guidance despite tariff headwinds and its customers’ low breakeven points for offshore portfolios further support the Buy rating. Overall, these factors suggest that TechnipFMC is well-positioned to exceed its financial targets, making it an attractive investment opportunity.
Bianchi covers the Energy sector, focusing on stocks such as Baker Hughes Company, TechnipFMC, and Tenaris SA. According to TipRanks, Bianchi has an average return of -4.3% and a 37.20% success rate on recommended stocks.
In another report released on April 17, RBC Capital also maintained a Buy rating on the stock with a $37.00 price target.