Stifel Raises Price Target on Baker Hughes (BKR) After Strong Q2 2025 Earnings
Baker Hughes Company (NASDAQ:BKR) ranks among the best performing energy stocks to buy now. Stifel maintained its Buy rating on Baker Hughes Company (NASDAQ:BKR) while raising its price target to $50 from $49 after the company’s second-quarter 2025 performance. With adjusted earnings per share of $0.63, the company exceeded the $0.56 expectation. Additionally, Baker Hughes Company (NASDAQ:BKR) surpassed the $6.63 billion forecast with $6.91 billion in revenues.
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Stifel highlighted a number of reasons for its optimism, including a healthy backlog of orders for Industrial & Energy Technology (IET) equipment and early signs of rising data center demand.
In addition, the firm noted that Gas Tech Services provides strong long-term prospects, strengthened by a sizable and growing installed base and robust IET margin growth.
Baker Hughes Company (NASDAQ:BKR), one of the biggest oil field services, industrial, and energy technology firms in the world, offers goods and services to the oil and gas sector for exploration and production as well as other industrial and energy applications.
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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
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