TechnipFMC price target raised to $48 from $44 at Piper Sandler

Investing.com - Piper Sandler raised its price target on TechnipFMC (NYSE:FTI) stock to $48.00 from $44.00 on Tuesday, while maintaining an Overweight rating on the shares. According to InvestingPro data, analysts’ targets for the company range from $34 to $51, with the stock currently trading at moderate valuations relative to its growth potential.

The investment firm cited TechnipFMC’s efforts to reduce offshore development cycle times as a key factor in its bullish outlook, noting these improvements enhance customer project returns and allow the company to capture greater economic value. The company’s operational excellence is reflected in its perfect Piotroski Score of 9, with strong revenue growth of 11.75% over the last twelve months.

Piper Sandler highlighted the certainty TechnipFMC has brought to the offshore market through its Subsea 2.0, iEPCI, and Subsea Services offerings as underpinning the increased project returns.

The firm pointed to recent developments such as bp announcing Final Investment Decisions (FIDs) for Tiber and Guadalupe projects in the U.S. Gulf of Mexico as evidence of this momentum, which comes before the Kaskida project begins, where TechnipFMC has already secured an iEPCI contract.

Piper Sandler expressed confidence that multiple catalysts on the horizon will support continued momentum for TechnipFMC’s business performance.

In other recent news, TechnipFMC has reported strong financial results for the second quarter of 2025, with revenue reaching $2,535 million and EBITDA at $509 million. Following these results, Bernstein has raised its price target for TechnipFMC to $37 from $32, maintaining a Market Perform rating. TechnipFMC has also secured a substantial subsea contract with ExxonMobil Guyana Limited, valued between $250 million and $500 million, for the Hammerhead development in Guyana’s Stabroek Block. Additionally, the company won a significant contract from Petrobras, worth between $75 million and $250 million, for various subsea production systems. Piper Sandler has reiterated its Overweight rating on TechnipFMC with a $44 price target, highlighting the company’s outperformance over the past year. TechnipFMC’s inclusion in the S&P MidCap 400 index has been noted as a contributing factor to its recent success. These developments underscore TechnipFMC’s ongoing growth and strategic advancements in the energy sector.

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