NOV Inc. (NYSE:NOV) is considered undervalued, with a $22 price target by Stifel analyst Stephen Gengaro, implying 70% upside potential. Despite recent disappointing earnings, analysts believe in a recovery supported by cost discipline and a rebound in drilling activity.
NOV Inc. is a major player in oilfield services and equipment, offering solutions for upstream exploration and production globally. While it presents investment potential, certain AI stocks may offer greater upside with less downside risk in the current market climate.
For investors seeking undervalued growth opportunities, NOV Inc. remains a top pick despite recent challenges. Analysts maintain confidence in the company’s trajectory, anticipating a recovery in the energy equipment space.
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