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In a positive signal for the oil services sector, 23 analysts have assigned SLB (NYSE:SLB) a consensus 'Moderate Buy' rating with an average 12-month price target of $60.83. Several analysts raised their price targets after the company reported strong quarterly earnings that slightly exceeded expectations and announced a quarterly dividend.
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Sign InAs of the latest close on June 26, 2026, SLB shares traded at $47.00, within a daily range of $46.56 to $47.41. This implies a roughly 29% upside to the consensus target, underscoring analyst optimism relative to the current valuation and oilfield services peers.
At the current close, SLB remains well below the $60.83 consensus target, offering significant potential upside. Investors will watch for the next quarterly earnings release and any updates on the dividend, along with oil price movements and global demand for oilfield services, which could drive the stock toward the target level.