Piper Sandler raised the firm’s price target on Nabors Industries (NBR) to $80 from $65 and keeps an Overweight rating on the shares following quarterly results. The firm notes the stock faced significant pressure the day each reported due to a combination of Q1 2026 estimates coming up light vs. consensus, International reactivations weighing on margins, and momentum unwind. For the second half of 2026, the view is cautious optimism, Piper adds.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBR:
- Trade Policy Turbulence: How New Tariffs and Retaliatory Measures Threaten Nabors Industries’ Margins and Competitiveness
- Nabors Industries price target raised to $77 from $70 at RBC Capital
- Nabors Industries price target raised to $70 from $64 at Susquehanna
- Nabors Industries Earnings Call Highlights Debt Wins, Risks
- Closing Bell Movers: Cisco falls 7% after earnings