Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - RBC Capital upgraded Halliburton (NYSE:HAL) from Sector Perform to Outperform and raised its price target to $31.00 from $26.00 following the company’s strong third-quarter 2025 results. Currently trading at $25.24 with a P/E ratio of 11.87, InvestingPro analysis suggests the stock is slightly undervalued, with additional upside potential.
The upgrade reflects RBC’s belief that its previous Sector Perform thesis has now played out, citing significant downward resets in estimates over the past year as one key factor supporting the more positive outlook.
RBC highlighted Halliburton’s returns-focused management team as a driver for improving capital efficiency across the oil services company’s operations.
The firm also noted Halliburton’s active involvement in potential international power generation projects could provide positive catalysts in upcoming quarters.
As part of the rating change, RBC increased its adjusted EBITDA estimates for Halliburton by 5% for both 2025 and 2026, and by 7% for 2027.
In other recent news, Halliburton reported its third-quarter 2025 earnings, revealing a strong financial performance. The company posted earnings per share (EPS) of $0.58, surpassing the forecasted $0.50, and revenue reached $5.6 billion, exceeding expectations of $5.39 billion. Following this earnings beat, TD Cowen raised its price target for Halliburton to $38 from $35, while maintaining a Buy rating. Analyst Marc Bianchi from TD Cowen noted the earnings beat and provided an optimistic guidance for the fourth quarter. These developments highlight the company’s positive trajectory in the current financial landscape.
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