Morgan Stanley keeps USD 55.00 target for SLB stock

Published on 10/15/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley keeps a USD 55.00 target for SLB. SLB stock costs EUR 43.35 on October 15, 2026 and Q2 revenue rose 5.00 percent to USD 8.97 billion.

Analyst view and operating context

Morgan Stanley maintained its USD 55.00 target for SLB on October 14, 2026.
Second-quarter revenue rose 5.00 percent to USD 8.97 billion.
SLB stock traded at EUR 43.35 at 1:00 p.m. CEST at Lang & Schwarz on October 15, 2026.
SLB plans to discuss third-quarter results on October 23, 2026.

SLB, AN8068571086, Illustration mit AI erstellt.

SLB (ISIN AN8068571086) traded at EUR 43.35 at Lang & Schwarz on October 15, 2026, while Morgan Stanley maintained a USD 55.00 price target and Buy rating in a report dated October 14, 2026, as Markets Insider reported. The latest view puts the emphasis on SLB's operating performance before its third-quarter report.

Three dates shape SLB's digital push

On August 31, 2026, Apollo said Kelvion would be sold to SLB for USD 4.10 billion, according to Kelvion. On October 8, 2026, SLB announced a 15-year agreement with TotalEnergies for its DrillPlan well-planning and engineering solutions in a company release. On October 14, 2026, Morgan Stanley kept its USD 55.00 target, as Markets Insider reported.

What does the digital push mean for margins?

The growth story still has to translate into broader earnings power. SLB reported USD 8.97 billion of revenue for the second quarter of 2026, up 5.00 percent from USD 8.55 billion a year earlier, while net income fell to USD 786 million from USD 1.01 billion, according to Markets Insider. That contrast makes the Kelvion transaction and digital contracts strategically important, but the second-quarter figures show that revenue growth alone did not prevent lower profitability.

Results date sets the next test

SLB will discuss third-quarter 2026 results on October 23, 2026, covering the period ended September 30, 2026. The release is scheduled for 7:00 a.m. Eastern time, followed by the conference call at 9:30 a.m. Eastern time, according to the SLB release. The replay is scheduled to remain available through October 30, 2026.

SLB stock and the next catalyst

For investors, the next report will show whether the company's digital and data-center expansion is beginning to offset pressure in its established oilfield services business. At 1:00 p.m. CEST, the stock was trading at EUR 43.35 at Lang & Schwarz on October 15, 2026. The further course of trading is shown by the continuously updated real-time quote of SLB stock.