UBS raises target for SLB stock from USD 66.00 to USD 72.00

Published on 10/07/2026 at 05:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 8.97 billion, 5.00 percent above last year. SLB stock had a prior close of EUR 44.22 on October 5, 2026.

SLB, AN8068571086, Illustration mit AI erstellt.

SLB (ISIN AN8068571086) had a prior close of EUR 44.22 at Lang & Schwarz for October 5, 2026. On September 9, 2026, UBS raised its price target for SLB from USD 66.00 to USD 72.00 while keeping a Buy rating, as Markets Insider reported. The target increase gives the analyst call a clear numerical anchor ahead of the company's next results update.

Revenue beats second-quarter estimates

SLB reported adjusted earnings of USD 0.55 per share and revenue of USD 8.97 billion for the second quarter of 2026, according to MarketBeat on October 6, 2026. Revenue exceeded the USD 8.67 billion analyst estimate by USD 0.30 billion, while adjusted earnings per share beat the USD 0.51 estimate by USD 0.04.

The revenue comparison also matters over time: second-quarter revenue increased 5.00 percent year over year, although adjusted earnings per share were below the USD 0.74 reported for the same quarter a year earlier. That mix points to stronger sales alongside a more demanding profitability comparison.

Digital expansion adds a second angle

On October 6, 2026, SLB announced that Chevron Technical Center had joined its long-term digital subsurface collaboration with TotalEnergies, according to SLB. Chevron is contributing investment, intellectual property and technical expertise to Arena, a collaboration focused on reservoir engineering and geoscience technologies.

SLB also highlighted data center infrastructure on October 5, 2026, including modular design, cooling technology and work connected with Meta and NVIDIA, as described by SLB. The digital and data center initiatives broaden the investment case beyond traditional oilfield services, while the June-quarter earnings comparison keeps operating execution central.

October 23 results date approaches

SLB is scheduled to hold its third-quarter 2026 results conference call on October 23, 2026, after releasing the results at 7:00 a.m. Eastern Time, according to FinanzNachrichten. For investors, the key checkpoints are whether revenue growth remains above the 5.00 percent second-quarter rate and whether adjusted earnings recover from the year-over-year decline.

The Lang & Schwarz market capitalization reference was USD 74.2 billion on October 6, 2026, while the 52-week range was USD 31.64 to USD 60.46. The further course of trading is shown by the continuously updated real-time quote of SLB stock.