NOV Inc. price target raised to $17 from $14 at Goldman Sachs

Goldman Sachs raised the firm’s price target on NOV Inc. (NOV) to $17 from $14 and keeps a Sell rating on the shares. The services rally has raised investor concerns about stretched valuations, but activity is expected to remain largely flat in the U.S. with a modest international inflection into 2H26/2027, suggesting limited estimate changes overall, the analyst tells investors in a research note. The rally is driven by relative sector attractiveness, improving international confidence, and option value from Venezuela, the firm says.