FMP

FMP

Datasets
Market NewsEducationHow ToDiscounted Cash Flow ModelDeveloper

NOV Inc. (NYSE: NOV) Maintains Market Perform Rating Amid Positive Analyst Outlook

  • BMO Capital raises NOV's price target from $19 to $20, indicating a positive outlook.
  • Barclays upgrades NOV from underweight to equal weight, increasing its price target to $20.
  • NOV's stock price reflects a 3.67% increase, with a current standing at $18.91.

NOV Inc. (NYSE: NOV) is a prominent player in the oil and gas equipment and services industry. The company provides technology-driven solutions to the energy sector, focusing on improving efficiency and safety. NOV competes with other industry giants like Schlumberger and Halliburton. Recently, BMO Capital maintained its "Market Perform" rating for NOV, suggesting investors hold their positions.

On February 9, 2026, BMO Capital raised its price target for NOV from $19 to $20, reflecting a positive outlook. This aligns with Barclays' recent upgrade, which adjusted its rating from underweight to equal weight and increased its price target from $15 to $20. On the day of Barclays' upgrade, NOV's stock reached a new 52-week high, trading as high as $19.36.

Other analysts have also shown optimism towards NOV. Susquehanna raised its target price from $17 to $20, giving the company a "positive" rating. The Royal Bank of Canada maintained an "outperform" rating with a $21 price objective. However, Morgan Stanley and The Goldman Sachs Group have been more conservative, with target prices of $16 and $17, respectively.

NOV's stock price currently stands at $18.91, reflecting a 3.67% increase. The stock has traded between $18.24 and $19.09 today. Over the past year, NOV's stock has reached a high of $19.51 and a low of $10.84. The company's market capitalization is approximately $6.9 billion, with a trading volume of 5,837,753 shares, indicating strong investor interest.