Baker Hughes Company currently trades at $56.56, holding an implied upside of 26% against a consensus price target of $71.24. This performance metric places the firm ahead of the broader Energy sector, which shows a mean upside of 23% as of the data collection on June 27, 2026.
Price vs targets
With 21 analysts currently covering the name, the consensus remains firmly in "buy" territory. While the stock trades at a forward P/E of 20.32, the market’s appetite for the stock has been tested by shifting analyst sentiment recently. The most notable recent adjustment came from Citigroup, which lowered its target to $74 on June 3 from a prior $80, effectively tempering the optimism expressed in late April.
| Metric | Value |
|---|---|
| Current Price | $56.56 |
| Mean Target | $71.24 |
| Implied Upside | 26% |
| Forward P/E | 20.32 |
| Analyst Count | 21 |
The volatility in target revisions highlights a divergence in how firms view the company's valuation. Barclays, for instance, moved against the recent downward trend by raising its target to $74 in early May. Meanwhile, the insider activity profile is worth monitoring; while there have been no meaningful buys reported, 10 separate transactions totaling over 1 million shares have been logged as meaningful sells. Investors keeping track of these adjustments can see more detailed history on the BKR stock page.
Sector placement
BKR currently holds the 12th position within its peer group, a middle-tier ranking that reflects the aggressive growth targets assigned to some of its counterparts. The sector is currently dominated by names with much steeper implied upside figures; for comparison, Devon Energy (DVN) commands a 44.5% upside, while Antero Resources (AR) trails slightly at 43.3%.
That spread matters because it suggests that while Baker Hughes is performing respectably, the market is currently pricing in significantly higher expected returns for exploration-focused peers compared to the service-oriented profile of BKR. With a beta of 0.938, the stock shows lower sensitivity to broader market swings than one might expect given its sector, providing a different risk profile for those looking at the energy space as a whole.