Bernstein Adjusts PT on SLB N.V. (SLB) to $56.10 From $52.30 – Here’s Why

SLB N.V. (NYSE:SLB) is one of the best oil stocks to buy right now. Bernstein adjusted the price target on SLB N.V. (NYSE:SLB) to $56.10 from $52.30 on March 12, reiterating an Outperform rating on the shares and telling investors that it is adjusting its model after the company’s announcement that the fiscal Q1 2026 revenue will be “lower than expected”. Bernstein said that this may correspond to a Q1 revenue/EBITDA/EPS of $8.7B/$1.871B/53c, according to the firm’s estimates. Somewhat counter-intuitively, the firm takes advantage to raise its price target as it rolls over its DCF to highlight a still very supportive environment for oil services stocks.

Schlumberger (SLB) Dives 10.69% as Earnings Disappoint

SLB N.V. (NYSE:SLB) provided an update on its operations in the Middle East and fiscal Q1 outlook on March 11, stating that SLB revenue for fiscal Q1 will be lower than expected. The company also expects to incur extra costs, resulting in an impact of approximately 6-9 cents of earnings per diluted share for Q1.

SLB N.V. (NYSE:SLB) is involved in the provision of energy technology, with its operations divided into the following business segments: Digital, Reservoir Performance, Well Construction, Production Systems, and All Other.

While we acknowledge the risk and potential of SLB 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 SLB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.