Morgan Stanley keeps USD 21.00 target for NOV stock

Published on 10/17/2026 at 20:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NOV's third-quarter call is set for October 28, 2026. NOV stock stood at USD 18.93 on October 16, 2026, up 1.56 percent versus the Nasdaq prior close.

Analyst view and trading position

On October 14, 2026, Morgan Stanley analyst Joe Laetsch maintained a Hold rating and a USD 21.00 target for NOV.
NOV's third-quarter earnings conference call is scheduled for October 28, 2026.
NOV stock stood at USD 18.93 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 1.56 percent versus the Nasdaq prior close of October 15, 2026.
NOV's price-to-earnings ratio was 72.81 on October 16, 2026.

NOV, US62955J1034, Illustration mit AI erstellt.

Morgan Stanley analyst Joe Laetsch maintained a Hold rating and set a USD 21.00 target for NOV on October 14, 2026, according to Markets Insider. The target stood 10.94 percent above NOV's USD 18.93 Nasdaq price on October 16, 2026. NOV last stood at USD 18.93 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 1.56 percent versus the Nasdaq prior close of October 15, 2026.

Second-quarter figures set the base

NOV reported USD 2.13 billion in revenue and USD 112.00 million in net income for the second quarter of 2026. Revenue fell 2.50 percent from USD 2.19 billion in the second quarter of 2025, while net income rose from USD 108.00 million, according to Markets Insider. The figures give the upcoming results a clear comparison base.

Price position and trading range

NOV's October 16, 2026 session ran from USD 18.75 to USD 19.05, with the latest price at USD 18.93. The 52-week range was USD 12.64 to USD 21.93, leaving the stock 13.68 percent below its high and 49.76 percent above its low.

Valuation and October 28 call

NOV had a market capitalization of USD 6.7 billion and a price-to-earnings ratio of 72.81 on October 16, 2026. The investor-relations calendar lists the third-quarter 2026 earnings conference call for October 28, 2026 at 11:00 a.m. EDT. The second-quarter report, released for the period ended June 30, 2026, showed operating profit of USD 193.00 million and operating cash flow of USD 17.00 million.

Comparison with peers

NOV: plus 1.56 percent, P/E 72.81, market capitalization USD 6.7 billion, October 16, 2026.

Halliburton (NYSE, USD): plus 1.85 percent, P/E 17.53, market capitalization USD 27.9 billion, October 16, 2026.

SLB (NYSE, USD): plus 2.34 percent, P/E 24.15, market capitalization USD 73.5 billion, October 16, 2026.

What the target says about NOV

The USD 21.00 target is above the latest Nasdaq price, while the market valuation remains higher than the two named peers on a price-to-earnings basis. That contrast puts the October 28 results date alongside both earnings delivery and valuation as the next measurable reference points.

The latest Nasdaq indication was USD 18.93 on October 16, 2026 at 4:00 p.m. ET, up 1.56 percent versus the Nasdaq prior close of October 15, 2026.