Baker Hughes stock falls 1.06 percent as targets diverge

Published on 09/29/2026 at 22:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs set a USD 71.00 target on September 29, 2026. Q2 revenue reached USD 6.74 billion and adjusted EPS was USD 0.64 versus USD 0.51 consensus.

BKR, US06652K1034, Illustration mit AI erstellt.

Baker Hughes stock (ISIN US06652K1034) fell 1.06 percent to EUR 37.50 at Lang & Schwarz on September 29, 2026 at 10:29 p.m. CEST. The move followed a fresh round of analyst actions, with Goldman Sachs setting a USD 71.00 target and Jefferies cutting its target to USD 77.00 from USD 80.00.

Analysts split on the target

According to Investing.com on September 29, 2026, Goldman Sachs resumed coverage with a buy rating and a USD 71.00 price target. The bank cited operational and geographic synergies from the Chart Industries transaction and estimated 10 percent annual EBITDA growth through 2031.

TradingView reported on September 29, 2026 that Jefferies cut its Baker Hughes target to USD 77.00 from USD 80.00 while maintaining a buy rating. The two targets point to different assumptions about the Chart integration and the pace of margin recovery.

Quarterly figures set the base

Baker Hughes reported second-quarter 2026 revenue of USD 6.74 billion and adjusted EPS of USD 0.64, versus consensus of USD 6.54 billion and USD 0.51, respectively, according to MarketBeat. Revenue therefore exceeded consensus by USD 0.20 billion, while adjusted EPS beat by USD 0.13.

The same report said quarterly revenue increased 2.40 percent from the prior-year period. Baker Hughes also paid a USD 0.23 quarterly dividend, giving the energy technology company an annualized USD 0.92 payout based on the reported figure.

Stock stays below yearly high

Baker Hughes has a market capitalization of USD 55.5 billion as of September 29, 2026. Its business spans oilfield services and equipment as well as industrial and energy technology, making Chart integration a central operating issue behind the competing target levels.

At Lang & Schwarz, the stock was trading at EUR 37.50 on September 29, 2026 at 10:29 p.m. CEST, down 1.06 percent versus the prior close of EUR 37.90 on September 28, 2026.