JPMorgan Doubles National Energy Services Reunited (NESR) PT to $19 on Strong Growth Potential

National Energy Services Reunited Corp. (NASDAQ:NESR) is one of the best hot stocks to invest in. On October 10, JPMorgan raised the firm’s price target on National Energy Services to $19 from $10, while keeping an Overweight rating on the shares. JPMorgan believes that the company’s future growth potential is more important than its recent Q3 2025 financial results, expecting this growth to soon increase the company’s earnings.

The company’s full-year 2025 revenue outlook is projected to be greater than full-year 2024 revenues. While Q3 is expected to be consistent with Q2, CFO Stefan Angeli anticipates an increase in Q4 revenue.

JPMorgan Doubles National Energy Services Reunited (NESR) PT to $19 on Strong Growth Potential

Earlier in Q2 2025, National Energy Services Reunited reported a revenue of $327.4 million, which marked an 8% sequential increase from Q1 2025 and a modest 0.71% increase year-over-year. EPS for the quarter was $0.21, which was a 50% sequential increase.

National Energy Services Reunited Corp. (NASDAQ:NESR) provides oilfield services in the Middle East and North Africa region.

While we acknowledge the potential of NESR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NESR and that has 100x upside potential, check out our report about this cheapest AI stock.

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