Piper Sandler raised the firm’s price target on Precision Drilling (PDS) to $81 from $79 and keeps an Overweight rating on the shares. The firm says that while 2025 was a challenge, the industry once again exemplified their tenacity, focusing inward and leaning into new growth avenues. As Piper focuses on 2026, it stays selective, but is encouraged by cyclical tailwinds beginning to mount, including Saudi Arabia/Mexico returning to work and a bottoming U.S. Land market, while Offshore eyes a 2027 recovery.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDS:
- 3 Best Stocks to Buy Now, 10/28/2025, According to Top Analysts
- Precision Drilling price target raised to $79 from $74 at Piper Sandler
- Precision Drilling Corp’s Positive Earnings Call Highlights
- Precision Drilling price target raised to C$117 from C$110 at RBC Capital
- Precision Drilling price target raised to C$133 from C$132 at Raymond James