Baker Hughes (NASDAQ:BKR) Given New $64.00 Price Target at TD Cowen

Baker Hughes (NASDAQ:BKR) had its price objective boosted by investment analysts at TD Cowen from $55.00 to $64.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 13.70% from the stock’s previous close.

BKR has been the topic of a number of other research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $57.00 price target on shares of Baker Hughes in a research note on Thursday, January 15th. Barclays restated an “overweight” rating and set a $57.00 target price on shares of Baker Hughes in a research note on Tuesday. Bank of America upped their price target on shares of Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Citigroup lifted their price target on Baker Hughes from $55.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Baker Hughes in a report on Monday, December 29th. Twenty-one analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $56.09.

Baker Hughes Trading Up 4.4%

Shares of NASDAQ:BKR opened at $56.29 on Tuesday. Baker Hughes has a 52-week low of $33.60 and a 52-week high of $56.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market capitalization of $55.55 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89. The company has a 50-day simple moving average of $48.63 and a 200 day simple moving average of $46.73.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Sunday, January 25th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%.The firm had revenue of $7.39 billion for the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the previous year, the business earned $0.70 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Sell-side analysts forecast that Baker Hughes will post 2.59 earnings per share for the current year.

Institutional Investors Weigh In On Baker Hughes

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Baker Hughes by 0.5% in the third quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company’s stock valued at $6,035,924,000 after acquiring an additional 598,159 shares during the last quarter. Capital World Investors boosted its holdings in shares of Baker Hughes by 7.1% in the 3rd quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock valued at $2,316,462,000 after purchasing an additional 3,153,709 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Baker Hughes by 7.1% in the 3rd quarter. Capital Research Global Investors now owns 25,903,241 shares of the company’s stock valued at $1,262,033,000 after purchasing an additional 1,728,016 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Baker Hughes by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,875,670 shares of the company’s stock worth $987,961,000 after buying an additional 397,984 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Baker Hughes during the 2nd quarter worth $862,722,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes News Summary

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Q4 earnings beat and revenue outperformance — Baker Hughes reported $0.78 EPS vs. $0.67 consensus and revenue of $7.39B vs. $7.09B, supported by IET strength; this is the primary driver of the stock rally. MarketBeat Earnings
• Positive Sentiment: Record orders and backlog — company release showed $7.9B in orders for Q4 and record RPO of $35.9B (including record IET RPO), signaling durable demand in Industrial & Energy Technology. GlobeNewswire Press Release
• Positive Sentiment: Analyst upgrade / one‑year high — coverage noting the stronger fundamentals helped push BKR to a new 1‑year high after at least one upgrade, adding momentum to the move. AmericanBankingNews: Analyst Upgrade
• Positive Sentiment: Venezuela opportunity flagged — management said there’s meaningful revenue opportunity in Venezuela if safety and legal/regulatory clarity are in place, suggesting potential upside in international markets. Reuters: Venezuela Opportunity
• Neutral Sentiment: Guidance mixed — Baker Hughes updated Q1 and FY2026 revenue ranges (Q1 ~$6.1B–$6.7B; FY ~$26.2B–$28.3B). Ranges roughly bracket consensus (Q1 near consensus, FY slightly below midpoint), leaving interpretation dependent on margins and segment mix. (company guidance announcement)
• Negative Sentiment: Some analyst caution remains — Zephirin Group raised its price target slightly to $45 but kept a “hold,” and that PT remains well below the current market level, signaling lingering valuation/near‑term skepticism among some analysts. MarketScreener: Zephirin PT

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.