Citi Raises PT on SLB N.V. (SLB) Stock

SLB N.V. (NYSE:SLB) is one of the Best Bargain Stocks to Buy in November. On October 21, Citi analyst Scott Gruber lifted the price target on the company’s stock to $47 from $46, while keeping a “Buy” rating post the Q3 2025 report, as reported by The Fly. The firm sees improvement in earnings for the company because of its deepwater contracting, turnaround in Saudi activity, and digital growth.

In a separate release, on October 23, Barclays analyst J. David Anderson lifted the price target on SLB N.V. (NYSE:SLB)’s stock to $48 from $46, while keeping an “Overweight” rating post the earnings report, as reported by The Fly. As per the analyst, SLB N.V. (NYSE:SLB) unveiled the digital segment, which overshadowed another quarter of execution in the core businesses.

Notably, the company’s Q3 2025 results were in line with expectations as its revenue increased sequentially, thanks to two months’ additional ChampionX revenue, further growth in Digital, and the resilient performance of its Core business. SLB N.V. (NYSE:SLB) improved its revenue despite the backdrop of a fully supplied oil market, uncertainty in the geopolitical environment, and subdued commodity prices. Its revenue of $8.93 billion rose by 4% sequentially and declined 3% YoY in Q3 2025.

First Eagle Investments, an investment management company, released its Q2 2025 investor letter. Here is what the fund said:

“Schlumberger Limited (NYSE:SLB)is the world’s largest oilfield service company. In addition to commodity price weakness during the quarter, share performance was dampened by concerns that tariffs and trade uncertainty could negatively impact oilfield service providers. While rig counts and drilling activity have declined this year, the majority of the slowdown has been in North America. In contrast, OPEC+ has increased production, which should benefit SLB given that it derives approximately 80% of its revenue from international and offshore markets.”

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.