Brokerages Set NOV Inc. Price Target at $18.57

Analysts maintain 'Hold' rating on oil and gas equipment manufacturer's stock

Apr. 11, 2026 at 11:34am

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A photorealistic studio still-life image of a polished steel oil and gas equipment component, such as a valve or sensor, arranged elegantly on a clean, monochromatic background and dramatically lit to convey the abstract corporate strategy and financial performance of the energy industry.A refined, minimalist representation of the equipment and technology that powers the global oil and gas industry.Houston Today

Shares of NOV Inc. (NYSE:NOV) have been given a consensus 'Hold' rating by 17 brokerages currently covering the company, with an average 1-year price target of $18.64. Analysts' views on the stock range from 'Sell' to 'Buy', with the majority maintaining a neutral stance.

Why it matters

NOV is a major provider of equipment and technology to the global oil and gas industry, so analyst sentiment and price targets for the company's stock are closely watched as indicators of the broader industry outlook.

The details

The analysts' ratings and price targets for NOV stock reflect a mixed view on the company's near-term prospects. While some see potential upside, the majority maintain a 'Hold' recommendation, suggesting the stock is trading at a fair value currently. Factors like oil prices, drilling activity, and capital spending by energy firms will likely influence NOV's financial performance and stock price in the coming year.

  • The analysts' average 1-year price target is based on coverage over the past 12 months.
  • NOV last reported quarterly earnings on February 5, 2026.

The players

NOV Inc.

A leading provider of equipment and technology to the global oil and gas industry, designing, manufacturing and servicing a wide range of drilling, completion and production products.

Weiss Ratings

A financial research and ratings firm that covers NOV stock.

Morgan Stanley

A major investment bank that has issued research coverage and a price target for NOV.

Barclays

A multinational investment bank that recently upgraded its rating on NOV stock.

Evercore

An independent investment banking advisory firm that has set a price target for NOV.

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What they’re saying

“Weiss Ratings restated a 'hold (c)' rating on shares of NOV.”

— Weiss Ratings

“Morgan Stanley set a $16.00 target price on NOV.”

— Morgan Stanley

“Barclays upgraded NOV from an 'underweight' rating to an 'equal weight' rating and raised their target price for the stock from $15.00 to $20.00.”

— Barclays

“Evercore set a $19.00 target price on NOV.”

— Evercore

“Piper Sandler raised their target price on NOV from $17.00 to $18.00 and gave the stock a 'neutral' rating.”

— Piper Sandler

What’s next

NOV is scheduled to report its next quarterly earnings results on Thursday, May 1, 2026.

The takeaway

The mixed analyst views on NOV's stock reflect the uncertainty facing the broader oil and gas industry, with factors like commodity prices, drilling activity, and capital spending by energy firms likely to be key drivers of the company's financial performance in the coming year.