Analyst Trims Baker Hughes (BKR) Price Target by $5

Baker Hughes Company (NASDAQ:BKR) is included among the 12 Best LNG Stocks to Buy in 2026.

Analyst Trims Baker Hughes (BKR) Price Target by $5

Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide.

On May 19, BofA trimmed its price target on Baker Hughes Company (NASDAQ:BKR) from $80 to $75, but maintained its ‘Buy’ rating on the shares. The target cut, which still indicates an upside of over 13% from the current levels, comes as the analyst firm updated its oilfield services models for Q1 earnings and 10-Q reports. BofA noted that its forecasts for 2027 and 2028 EBITDA are on average 10% and 16% above consensus, respectively.

Baker Hughes Company (NASDAQ:BKR) exceeded estimates in its Q1 2026 report last month, as the robust demand in its industrial and energy technology ‌unit offset drilling weakness caused by the disruptions in the Middle East. The company achieved total orders of $8.2 billion during the quarter, including $4.9 billion from IET, driven by the growth in electricity demand from data centers, along with investments in LNG, ​gas infrastructure, and grid equipment.

Baker Hughes Company (NASDAQ:BKR) is expecting total revenue of $6.5 billion and adjusted EBITDA of $1.13 billion in Q2. Moreover, the company reaffirmed its guidance of $27.25 billion in revenue and $4.85 billion in adjusted EBITDA for the full-year 2026.

While we acknowledge the risk and potential of BKR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BKR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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