15 Cheap Strong Buy Stocks to Buy Now

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3. Schlumberger Limited (NYSE:SLB)

Forward P/E: 11.64

Analyst Upside: 26.37%

Number of Hedge Fund Holders: 63

Schlumberger Limited (NYSE:SLB) is one of the best cheap strong buy stocks to buy now. Melius Research initiated coverage of Schlumberger Limited (NYSE:SLB) with a Buy rating on August 20, setting a $82 price target.

The firm told investors in a research note that “Energy & Power” has metamorphosed into an AI category with the introduction, acceleration, and adoption of AI, and that the market is in the early stages of a “Power Revolution.”

It added that the effects of this power revolution are only beginning, shifting leadership toward a whole new group of winners. The firm is thus establishing coverage on several prominent E&Ps, the Supermajors, the largest independent power producers, and the largest oil services companies.

Schlumberger Limited (NYSE:SLB) provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.

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