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Piper Sandler raises Expro Group stock price target to $13 on 2026 outlook

Published 28/10/2025, 14:18
Piper Sandler raises Expro Group stock price target to $13 on 2026 outlook
XPRO
-2.72%

Investing.com - Piper Sandler has raised its price target on Expro Group (NYSE:XPRO) stock to $13.00 from $11.00 while maintaining a Neutral rating on the oilfield services company. The company, currently trading at $13.80 with a market cap of $1.6 billion, has demonstrated strong financial health with an EBITDA of $312 million and a solid current ratio of 2.14.

The price target increase comes as Piper Sandler sees a "constructive set up for 2026" for the company, despite earnings performance limitations due to positioning challenges. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics, with additional upside potential.

Expro Group has indicated that 2026 will likely be "a tale of two halves" with the first half of the year remaining soft for offshore activity, while the second half is expected to be an inflection point.

The company has guided for 2026 revenue to be flat to slightly lower compared to 2025 levels.

Despite the flat revenue outlook, Expro Group expects improvements in other financial metrics, with free cash flow, free cash flow to revenue ratio, and EBITDA margins all projected to expand in 2026 compared to 2025.

In other recent news, Expro Group Holdings N.V. reported its Q3 2025 earnings, which fell short of market expectations. The company announced an earnings per share (EPS) of $0.24, missing the anticipated $0.29. Revenue also did not meet forecasts, coming in at $411.36 million compared to the expected $418.88 million. These results have raised concerns among investors regarding the company’s financial performance. Despite the earnings miss, there have been no recent updates on any mergers or acquisitions involving Expro Group. Analyst firms have not reported any recent upgrades or downgrades for the company. The focus remains on how Expro Group will address these earnings shortfalls in future quarters.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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