BofA cuts target for SLB stock from USD 57.00 to USD 56.00

Published on 10/05/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SLB stock costs EUR 43.43 on October 5, 2026 versus EUR 43.59, down 0.37 percent. Results are due October 23, 2026.

SLB, AN8068571086, Illustration mit AI erstellt.

SLB (AN8068571086) is facing a lower BofA price target, with the bank cutting its view from USD 57.00 to USD 56.00 on October 2, 2026. According to Markets Insider, analyst Saurabh Pant retained a Buy rating as BofA adjusted estimates ahead of third-quarter reporting.

Target cut meets mixed results

The target reduction comes after SLB reported USD 8.97 billion in revenue for the second quarter of 2026, a 5.00 percent increase from the second quarter of 2025. Simply Wall St said net income was USD 786.0 million, down 23.00 percent year over year, while profit margin fell to 8.80 percent from 12.00 percent.

The comparison points to the tension in SLB's earnings profile. Revenue expanded, but profitability weakened, leaving margin recovery as an important measure for the next report.

Subsea work adds backlog

SLB's operating backdrop also includes a recent subsea contract. Business Wire reported on September 29, 2026, that the OneSubsea joint venture won work from ExxonMobil Moçambique for the first phase of the offshore Rovuma LNG project in Mozambique.

The scope includes subsea trees, manifolds, umbilicals, control systems, engineering, procurement, manufacturing and installation. The contract expands SLB's exposure to long-cycle deepwater activity, although the source did not disclose a contract value.

Results date sets the next test

SLB will report third-quarter 2026 results on October 23, 2026, with the release scheduled for 7:00 a.m. Eastern time and the conference call at 9:30 a.m. Eastern time, according to Business Wire. Investors will have a fresh read on whether revenue growth is translating into stronger margins.

SLB was trading at EUR 43.43 at Lang & Schwarz on October 5, 2026 at 10:05 a.m. CEST, down 0.37 percent versus the prior close of EUR 43.59 on October 2, 2026. The primary listing is on the NYSE, where SLB was last quoted at USD 48.74 on October 2, 2026, with a 52-week range of USD 31.64 to USD 60.46 and market capitalization of USD 72.3 billion.

The further course of trading is shown by the continuously updated real-time quote of SLB stock.