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Investing.com - RBC Capital upgraded Halliburton (NYSE:HAL) from Sector Perform to Outperform on Monday, while raising its price target to $31.00 from $26.00 following the company’s strong third-quarter 2025 results. Currently trading at $26.80, InvestingPro data shows the stock is fairly valued, with analyst targets ranging from $20.00 to $43.50.
The upgrade comes after Halliburton’s quarterly performance prompted RBC Capital to revise its adjusted EBITDA estimates upward by 5% for 2025, 2026, and 2027. The company maintains strong financials with an overall "GOOD" health score according to InvestingPro, and has consistently paid dividends for 55 consecutive years, currently yielding 3.05%.
RBC Capital cited three key factors supporting the upgrade: estimates that have reset significantly lower over the past year, Halliburton’s returns-focused management leading to improved capital efficiency, and the company’s active role in potential international power generation projects.
The investment firm noted that these international power generation projects could provide catalysts for Halliburton in the quarters ahead, potentially driving further growth.
The new price target of $31.00 represents an increase of $5.00 from RBC Capital’s previous target of $26.00, reflecting greater confidence in Halliburton’s business outlook following its quarterly performance.
In other recent news, Halliburton has signed a framework agreement with Shell to provide services using its Remote Operated Control System (ROCS) technology. This agreement follows a successful technology phase in the Gulf of America, showcasing the system’s effectiveness in deepwater environments. Meanwhile, Halliburton’s recent performance has prompted several analyst firms to adjust their stock price targets and ratings. Piper Sandler raised its price target to $27, maintaining a Neutral rating, while Stifel increased its target to $32, continuing with a Buy rating after Halliburton’s stronger-than-expected third-quarter 2025 EBITDA. Evercore ISI also raised its price target to $28, noting the company’s resilience and strong cost control measures. Furthermore, HSBC upgraded Halliburton’s stock rating from Hold to Buy, raising the price target to $30, driven by better-than-expected margin guidance. These developments reflect Halliburton’s operational execution and strategic initiatives in the oilfield services sector.
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