UBS Group Raises Baker Hughes (NASDAQ:BKR) Price Target to $61.00

Baker Hughes (NASDAQ:BKR) had its target price lifted by equities researchers at UBS Group from $54.00 to $61.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 7.53% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their target price on Baker Hughes from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Barclays lifted their price target on Baker Hughes from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday. Argus upped their price objective on Baker Hughes from $55.00 to $67.00 in a report on Tuesday. Piper Sandler raised their target price on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Evercore ISI set a $54.00 target price on Baker Hughes in a report on Monday, October 27th. Twenty-one analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.58.

Baker Hughes Stock Performance

BKR stock opened at $56.73 on Wednesday. The company has a 50-day simple moving average of $49.14 and a 200 day simple moving average of $46.97. The company has a market capitalization of $55.98 billion, a P/E ratio of 21.82, a PEG ratio of 1.76 and a beta of 0.89. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes has a fifty-two week low of $33.60 and a fifty-two week high of $58.50.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Sunday, January 25th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. The company had revenue of $7.39 billion for the quarter, compared to the consensus estimate of $7.09 billion. Baker Hughes had a net margin of 9.33% and a return on equity of 14.51%. Baker Hughes’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. Sell-side analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Baker Hughes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Woodline Partners LP lifted its stake in Baker Hughes by 40.8% during the first quarter. Woodline Partners LP now owns 83,650 shares of the company’s stock valued at $3,676,000 after buying an additional 24,225 shares in the last quarter. Focus Partners Wealth increased its position in shares of Baker Hughes by 5.6% in the first quarter. Focus Partners Wealth now owns 18,481 shares of the company’s stock worth $812,000 after acquiring an additional 986 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Baker Hughes by 3.9% during the second quarter. Truist Financial Corp now owns 386,710 shares of the company’s stock valued at $14,826,000 after acquiring an additional 14,621 shares during the period. Access Financial Services Inc. lifted its position in shares of Baker Hughes by 8.3% in the 2nd quarter. Access Financial Services Inc. now owns 39,532 shares of the company’s stock valued at $1,516,000 after acquiring an additional 3,019 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. lifted its position in shares of Baker Hughes by 15.7% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 452,569 shares of the company’s stock valued at $17,350,000 after acquiring an additional 61,283 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Key Stories Impacting Baker Hughes

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Record IET backlog and new energy‑transition deals drove a sharp rally in the stock, highlighting stronger service demand and better visibility for future revenue. Baker Hughes (BKR) Is Up 5.7% After Record IET Backlog And New Energy Transition Deals – Has The Bull Case Changed?
• Positive Sentiment: Piper Sandler raised its price target to $61 and kept an overweight rating, adding institutional confidence and buy‑side momentum. Piper Sandler adjusts Baker Hughes price target to $61
• Positive Sentiment: UBS raised its PT to $61 (from $54), signaling peers see upside even from a neutral stance—another vote of confidence for the company’s outlook. UBS raises Baker Hughes price target to $61
• Positive Sentiment: Argus lifted its target to $67, indicating some analysts view a materially higher fair value—this can support further price appreciation if momentum continues. Argus raises price target on Baker Hughes to $67
• Positive Sentiment: JPMorgan raised its price target to $60, adding to the cluster of upward revisions that can attract momentum and fund flows. JPMorgan Chase & Co. Boosts Baker Hughes Price Target to $60
• Positive Sentiment: Operational wins in clean‑energy projects: Baker Hughes secured multiple orders for the Wabash Valley clean ammonia fertilizer project—concrete bookings that support energy‑transition revenue. Baker Hughes Secures Multiple Orders to Advance Wabash Valley Resources’ Clean Ammonia Fertilizer Project
• Positive Sentiment: Strategic collaboration expanded with Hydrostor to advance resilient, sustainable power systems—strengthens the company’s portfolio in grid/storage solutions. Baker Hughes and Hydrostor deepen strategic collaboration
• Positive Sentiment: Third‑party outlets (Capital One, Zephirin Group) published bullish forecasts for BKR, reinforcing broader market sentiment and analyst focus. Capital One Forecasts Strong Price Appreciation for Baker Hughes
• Neutral Sentiment: Earnings call transcript and valuation commentary are available for investors doing deeper due diligence; these sources provide context but did not drive a discrete negative reaction. Baker Hughes Q4 2025 earnings call transcript
• Neutral Sentiment: Reported short‑interest data appears inconsistent/zero and offers no clear bearish signal—treat it as unreliable until clarified.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.