NOV Inc. (NYSE:NOV) is considered to be undervalued, with Stifel analyst Stephen Gengaro maintaining a Buy rating on July 16, 2025, but lowering the price target from $23 to $22. Despite recent disappointing earnings and soft demand, analysts show confidence in NOV’s potential for recovery and growth in the energy equipment sector.

Formerly known as National Oilwell Varco, NOV Inc. is a major player in oilfield services and equipment, operating globally in Rig Technologies, Wellbore Tech, and supply chain solutions. With 500+ service centers, NOV supports oil and gas operators through equipment rental, manufacturing, engineering, and digital services.

While NOV shows promise as an investment, some analysts believe there are AI stocks with greater upside potential and less downside risk. For those seeking undervalued AI stocks that could benefit from current economic trends, consider exploring options beyond NOV.

Disclosure: None.

Read more at Yahoo Finance: Buy Rating Reaffirmed Despite Target Trim to $22