Halliburton stock price target raised to $38 from $35 at TD Cowen

Investing.com - TD Cowen raised its price target on Halliburton (NYSE:HAL) to $38.00 from $35.00 on Tuesday, while maintaining a Buy rating on the oilfield services company. According to InvestingPro data, the stock currently trades below its Fair Value, with analyst targets ranging from $20 to $43.50.

The price target increase follows Halliburton’s third-quarter earnings beat and upside guidance for the fourth quarter, according to TD Cowen analyst Marc Bianchi. The company maintains a "GOOD" overall financial health score, with strong profitability metrics including an 18% return on equity.

Halliburton stock has outperformed its large-cap oilfield services peers by approximately 10% following these results and the announcement of a new collaboration with VoltaGrid. The company has maintained dividend payments for 55 consecutive years, demonstrating long-term financial stability.

The analyst noted that free cash flow came in below expectations, partly due to a new cost-saving program implemented by the company.

TD Cowen expressed surprise that Halliburton’s stock hasn’t outperformed even more significantly, given the EBITDA revision and the growth opportunity presented by the VoltaGrid collaboration.

In other recent news, Halliburton Company reported its Q3 2025 earnings, which surpassed market expectations. The company achieved an earnings per share (EPS) of $0.58, exceeding the forecasted $0.50. Revenue also outperformed projections, reaching $5.6 billion compared to the anticipated $5.39 billion. These results highlight a strong financial performance for Halliburton in the third quarter. The positive earnings report has been noted by several market analysts. While specific analyst upgrades or downgrades were not detailed, the earnings beat has likely contributed to favorable views from investment firms. Halliburton’s recent financial disclosures indicate robust business operations. Investors may find these developments noteworthy as they consider their investment strategies.

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