Piper Sandler Forecasts Strong Price Appreciation for Baker Hughes (NASDAQ:BKR) Stock

Baker Hughes (NASDAQ:BKR) had its target price increased by investment analysts at Piper Sandler from $52.00 to $61.00 in a report released on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 6.13% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus lifted their price objective on Baker Hughes from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday. Zephirin Group raised their target price on Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Monday. Barclays boosted their price objective on Baker Hughes from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank Of Canada restated an “outperform” rating and issued a $57.00 price target on shares of Baker Hughes in a research report on Thursday, January 15th. Finally, Citigroup boosted their price objective on shares of Baker Hughes from $61.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Baker Hughes has a consensus rating of “Moderate Buy” and an average price target of $57.58.

Baker Hughes Stock Up 1.5%

Shares of BKR traded up $0.85 during midday trading on Wednesday, hitting $57.48. The company had a trading volume of 645,395 shares, compared to its average volume of 9,604,727. The stock has a market cap of $56.72 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.78 and a beta of 0.89. The company’s 50 day moving average price is $48.96 and its 200 day moving average price is $46.91. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes has a 52 week low of $33.60 and a 52 week high of $58.50.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Sunday, January 25th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.51%. The firm had revenue of $7.39 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the company posted $0.70 earnings per share. Baker Hughes’s revenue was up .3% on a year-over-year basis. On average, equities research analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Hedge Funds Weigh In On Baker Hughes

Several hedge funds and other institutional investors have recently bought and sold shares of BKR. Vanguard Group Inc. grew its position in shares of Baker Hughes by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company’s stock worth $6,035,924,000 after buying an additional 598,159 shares during the period. Capital World Investors increased its stake in shares of Baker Hughes by 7.1% in the third quarter. Capital World Investors now owns 47,546,388 shares of the company’s stock worth $2,316,462,000 after purchasing an additional 3,153,709 shares in the last quarter. Capital Research Global Investors raised its holdings in Baker Hughes by 7.1% during the 3rd quarter. Capital Research Global Investors now owns 25,903,241 shares of the company’s stock valued at $1,262,033,000 after acquiring an additional 1,728,016 shares during the period. Geode Capital Management LLC raised its stake in shares of Baker Hughes by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,875,670 shares of the company’s stock valued at $987,961,000 after purchasing an additional 397,984 shares during the period. Finally, Norges Bank bought a new stake in shares of Baker Hughes during the second quarter valued at about $862,722,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

More Baker Hughes News

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: BKR won multiple equipment/orders to advance Wabash Valley Resources’ clean ammonia fertilizer project, supporting its low‑carbon services and industrial equipment revenue pipeline. Read More.
• Positive Sentiment: Baker Hughes deepened its strategic collaboration with Hydrostor on long‑duration energy storage and resilient power systems — reinforcing its positioned growth in energy‑transition services and recurring revenue opportunities. Read More.
• Positive Sentiment: Argus raised its price target to $67, signaling stronger upside versus prior estimates and pushing buy/valuation debate higher. Read More.
• Positive Sentiment: UBS lifted its target to $61 (while keeping a neutral stance), and JPMorgan increased its target to $60 — fresh analyst revisions that provide upward support to the stock’s consensus valuation. Read More. Read More.
• Positive Sentiment: Capital One boosted its price target to $59 and maintained an overweight view earlier in the week, adding to the cluster of bullish analyst signals. Read More.
• Positive Sentiment: The Q4 2025 earnings call transcript and coverage highlighted a beat on EPS and revenue, supporting management’s execution story and near‑term cash flow expectations. Read More.
• Neutral Sentiment: Research/forecast pieces (Capital One forecast article, Zephirin Group coverage) reiterate expected upside but are largely derivative of analyst upgrades; useful for sentiment but not new catalysts. Read More. Read More.
• Neutral Sentiment: Reported short‑interest figures appear unreliable/erroneous in public summaries (zero/NaN values). No clear short‑squeeze signal from the available data. (Data note — no article link)

About Baker Hughes

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.