21 hours ago 1

NOV Inc. price target lowered to $17 from $20 at JPMorgan

Unlock stock picks and a broker-level newsfeed that powers Wall Street.

TipRanks

Thu, May 1, 2025, 11:00 AM 1 min read

JPMorgan lowered the firm’s price target on NOV Inc. (NOV) to $17 from $20 and keeps an Overweight rating on the shares. Despite a Q1 beat that featured strong free cash flow conversion, NOV shares dropped, reflecting a softer Q2 outlook and full-year guidance reduction relative to consensus expectations, the analyst tells investors in a research note. The firm believes NOV continued to dispel some concerns around offshore trends in the deepwater.

Protect Your Portfolio Against Market Uncertainty

Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on NOV:

Disclaimer & Disclosure Report an Issue