Stifel Nicolaus Lowers Price Target on Schlumberger Limited (SLB) to $52, Keeps a Buy Rating

Schlumberger Limited (NYSE:SLB) is one of the best cheap stocks under $50 to buy now. In a report released on July 16, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on Schlumberger Limited (NYSE:SLB), lowering the price target on the stock to $52 from $54.

Schlumberger (SLB) Drops 5.89% on Israel-Iran Ceasefire

An aerial view of a well site, depicting the scale of oil and gas operations.

The analyst told investors in a research note that oil service stocks have underperformed the S&P 500 in 2025, with the catalysts for the industry being majorly negative.

The firm believes that as the market enters the fiscal Q2 2025 earnings season, shares will range-bound until estimates stop dropping.

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

While we acknowledge the potential of SLB 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 SLB 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.