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.
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 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 provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.
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This article is originally published at Insider Monkey.
