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Investing.com - Stifel raised its price target on Baker Hughes (NASDAQ:BKR) to $50.00 from $49.00 on Friday, while maintaining a Buy rating following the company’s second-quarter 2025 performance. The stock, currently trading at $45.72, has shown strong momentum with a 15.11% gain over the past week and is approaching its 52-week high of $49.40. According to InvestingPro, the company maintains a GREAT Financial Health Score of 3.02.
The investment firm cited Baker Hughes’ strong quarterly results, robust order flow, and better-than-expected guidance as key factors supporting its bullish outlook for the energy technology company.
Stifel highlighted several factors underpinning its positive view, including a robust backlog of Industrial & Energy Technology (IET) equipment orders, with early indications of growing demand from data centers.
The firm also noted excellent long-term visibility for Gas Tech Services, supported by a large and expanding installed base, along with strong IET margin expansion that is expected to continue.
Additional factors supporting Stifel’s outlook include improving Oilfield Services & Equipment (OFSE) margins despite macroeconomic headwinds, and significant free cash flow backed by a clear capital return program.
In other recent news, Baker Hughes Co. reported its financial results for the second quarter of 2025, surpassing market expectations. The company achieved adjusted earnings per share of $0.63, outperforming the forecast of $0.56. Additionally, Baker Hughes reported revenues of $6.91 billion, exceeding the projected $6.63 billion. These results highlight the company’s strong performance in the recent quarter. Following the earnings report, analysts and investors have shown increased interest in the company’s future prospects. The earnings and revenue figures are key indicators of Baker Hughes’ financial health, providing valuable insights for investors. These developments underscore the importance of monitoring Baker Hughes’ financial performance closely.
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