SLB
Another analyst says “still likes it”
SLB picked up a new cheerleader on April 15, when Piper Sandler reiterated an Overweight rating and tagged the stock with a $59 price target. That’s not exactly fireworks, but in analyst-land, a maintained bullish call is basically the equivalent of a thumbs-up in a crowded room.
Why you should care
At the current price around $52.02, that target implies roughly 13% upside. For a stock like SLB — where sentiment can swing with oil prices, drilling budgets, and the general mood of the energy patch — even a modest target bump can help keep the “this rally isn’t over yet” narrative alive.
The bigger backdrop
This isn’t coming out of nowhere. The article says the latest ratings from Piper Sandler, Susquehanna, and Bernstein imply an average target of $58.37, or about 12.27% upside. Translation: Wall Street still sees room for SLB to grind higher, even if nobody’s pretending this is a moonshot.
Big picture
When analysts keep leaning bullish on an oil-services name, it usually means they’re still seeing healthy demand for the tools and tech that help energy producers do the messy work underground. Not glamorous — but very investable when the cycle cooperates.