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Investing.com - Bernstein analyst Guillaume Delaby raised the price target on TechnipFMC (NYSE:FTI) to $37.00 from $32.00 while maintaining a Market Perform rating. According to InvestingPro analysis, TechnipFMC is currently trading slightly below its Fair Value, with a "GREAT" overall financial health rating.
The price target increase follows TechnipFMC’s strong second-quarter 2025 results, which reported revenue of $2,535 million and EBITDA of $509 million. The company, now valued at $15.13 billion, has demonstrated robust growth with revenue increasing 11.75% over the last twelve months. The company also indicated it is now targeting the high end of its 2025 guidance.
Bernstein upgraded its 2025-2028 EBITDA estimates for TechnipFMC by 3%, 6%, 6%, and 15% respectively, noting the company’s confidence in securing approximately $10 billion of additional subsea orders in 2026.
The analyst highlighted TechnipFMC’s multi-year visibility in the subsea segment and its "increasing uniqueness" in the market, while noting that during the 2011-2013 upcycle, the legacy company traded at a peak multiple of approximately 12x EV/EBITDA.
Despite TechnipFMC trading at a 2025 estimated free cash flow yield of 6.5% and a 2025 estimated EV/EBITDA multiple of 8.7x, Bernstein sees more value in competitors SLB and Saipem (BIT:SPMI), which offer FCF yields of 7.8% and 9.8% respectively. InvestingPro subscribers can access 10+ additional investment tips for TechnipFMC, including its perfect Piotroski Score of 9, indicating strong financial strength. Get the complete analysis with the Pro Research Report, available for 1,400+ US stocks.
In other recent news, TechnipFMC reported its financial results for the second quarter of 2025, surpassing market expectations. The company achieved an earnings per share of $0.68, outperforming the forecasted $0.58, which indicates a 17.24% surprise. Revenue also exceeded predictions, reaching $2.53 billion compared to the anticipated $2.48 billion. These results highlight the company’s strong performance during this period. Additionally, TechnipFMC’s stock price experienced a notable increase following the announcement of these earnings. This development reflects positive investor sentiment in response to the company’s financial achievements. Investors and analysts are closely monitoring these updates as they assess the company’s ongoing financial health and market position.
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