RBC cuts target for Baker Hughes stock from USD 76.00 to USD 71.00

Published on 10/21/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baker Hughes expects USD 7.77 billion in third-quarter revenue on October 27. Baker Hughes stock trades at EUR 49.70 on October 21, 2026.

Results and valuation context

RBC cut its Baker Hughes target from USD 76.00 to USD 71.00 on October 19, 2026.
Second-quarter 2026 revenue reached USD 6.74 billion versus USD 6.54 billion expected.
Baker Hughes stock trades at EUR 49.70 at 11:00 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Baker Hughes Co. (ISIN US05722G1004) was trading at EUR 49.70 at Lang & Schwarz on October 21, 2026 at 11:00 a.m. CEST. MarketScreener reported on October 19, 2026 that RBC cut its Baker Hughes price target from USD 76.00 to USD 71.00 while keeping an Outperform rating.

RBC trims the target

The RBC reduction adds to a cluster of lower analyst targets ahead of Baker Hughes' third-quarter report. Markets Insider said on October 19, 2026 that Citi lowered its target from USD 75.00 to USD 72.00 and retained a Buy rating, citing reduced estimates linked to Saudi Arabia risk.

The company also expanded a strategic long-term power-generation partnership with Venture Global on October 15, 2026, according to a Baker Hughes release. The announcement keeps industrial power technology central to the story alongside oilfield services.

What will October results test?

The immediate test is whether the Chart Industries integration and energy-technology demand can support the higher revenue forecast. Zacks expects third-quarter 2026 revenue of USD 7.77 billion and earnings of USD 0.64 per share, with revenue up 10.8 percent from the year-earlier quarter.

That estimate is above the USD 6.74 billion revenue Baker Hughes reported for the second quarter of 2026 and the USD 6.54 billion consensus figure cited by MarketBeat. The same report said second-quarter earnings per share were USD 0.64 against USD 0.51 expected.

Upcoming dates for Baker Hughes

Baker Hughes is scheduled to report third-quarter 2026 results after the market closes on October 27, 2026, followed by an investor call on October 28, 2026 at 9:30 a.m. ET, according to MarketBeat.

Stock trades at EUR 49.70

For investors, the October 19 target cuts put greater weight on the upcoming operating update, particularly the revenue contribution from Baker Hughes' expanded industrial portfolio. Baker Hughes was trading at EUR 49.70 at Lang & Schwarz on October 21, 2026 at 11:00 a.m. CEST.

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