Where is Schlumberger Limited (SLB) Headed According to Analysts?

Schlumberger Limited (NYSE:SLB) is one of the best affordable growth stocks to buy. On August 20, UBS analyst Josh Silverstein lowered the firm’s price target on Schlumberger Limited (NYSE:SLB) to $44 from $45, keeping a Buy rating on the shares.

Schlumberger (SLB) Dives 10.69% as Earnings Disappoint

The analyst told investors in a research note that persistent commodity headwinds are continually dampening upside potential.

The same day, Melius Research initiated coverage of Schlumberger Limited (NYSE:SLB) with a Buy rating and $82 price target.

The firm told investors in a research note that “Energy & Power” has metamorphosed into an AI category with the introduction, acceleration, and adoption of AI, and that the market is in the early stages of a “Power Revolution.”

The firm is thus establishing coverage on several prominent E&Ps, the Supermajors, the largest independent power producers, and the largest oil services companies.

The stock’s median price target of $36.84 implies an upside of 22.15% from current levels.

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.