SLB price target raised to $58 from $52 at Susquehanna

Susquehanna raised the firm’s price target on SLB (SLB) to $58 from $52 and keeps a Positive rating on the shares. The firm updated its model following Q4 results and said while they expect that the global upstream environment still faces some broader challenges in 2026, they believe the company’s recent ChampionX acquisition, strong international presence, and digital offerings are differentiators that position the company very well within the current cycle.