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Stocks•30 April 2026•

1 min read

Raymond James Raises SLB Price Target to $62 Following Positive Valuation Outlook

Key Facts

1Raymond James increased its price target for SLB to $62 from $58.

Raymond James has adjusted its price target for SLB N.V. upward to $62 from the previous target of $58. This revision reflects an updated assessment of the energy services firm's performance and its strategic positioning within the oil and gas exploration and production sector. The $4 increase signals a more positive valuation outlook for the company, which remains a dominant player in global energy infrastructure. Analysts suggest that the new target is supported by SLB's robust operational execution and its ability to capitalize on current market trends. Such sell-side updates often provide a bullish signal to institutional investors regarding the stock's potential upside. The move underscores growing confidence in the company's long-term growth trajectory within the evolving energy landscape.

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