Are Wall Street Analysts Predicting Baker Hughes Stock Will Climb or Sink?

With a market cap of $61.2 billion, Baker Hughes Company (BKR) is a global energy technology firm that provides a broad portfolio of products and services across the oil, gas, and industrial value chains. Operating through its Oilfield Services & Equipment and Industrial & Energy Technology segments, the company supports customers from upstream to downstream with advanced equipment, digital solutions, and lifecycle services.

Shares of the Houston, Texas-based company have outperformed the broader market over the past 52 weeks. BKR stock has increased 43.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 21.9%. Moreover, shares of the company are up 37.3% on a YTD basis, compared to SPX’s nearly 13% gain.

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Looking closer, shares of the oilfield services provider have also outpaced the State Street Energy Select Sector SPDR ETF’s (XLE) 36.5% return over the past 52 weeks and 29.3% YTD surge. 

Baker Hughes shares rose 5.8% following its Q2 2026 results on Jul. 26 after the company reported better-than-expected adjusted EPS of $0.64 and adjusted EBITDA increased 2% to $1.23 billion, exceeding the high end of its guidance. Investors were encouraged by record order growth, with total orders surging 49% year-over-year to $10.5 billion, including a record $7.1 billion in Industrial & Energy Technology orders, while the order backlog increased 19% and remaining performance obligations reached a record $40.1 billion. 

The company also raised its full-year Industrial & Energy Technology order outlook to more than $45 billion, citing strong demand for LNG equipment, gas infrastructure, power generation, and data center projects, while operating cash flow more than doubled to $1.35 billion and free cash flow jumped to $1.11 billion.

For the fiscal year ending in December 2026, analysts expect Baker Hughes’ adjusted EPS to decrease 5.4% year-over-year to $2.46. However, the company’s earnings surprise history is promising. It beat the consensus estimates in each of the last four quarters.

Among the 21 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on 15 “Strong Buy” ratings, one “Moderate Buy,” four “Holds,” and one “Strong Sell.”

This configuration is slightly more bullish than three months ago, with 14 “Strong Buy” ratings on the stock.

On Jul. 29, BofA analyst Saurabh Pant increased Baker Hughes’ price target to $74 and maintained a “Buy” rating.

The mean price target of $71.91 represents a 14.6% premium to BKR’s current price levels. The Street-high price target of $85 suggests a 35.5% potential upside. 

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com