HAL trades 30.6% below Wall Street's consensus target of $43.11.
Last 12 months price action with 12-month analyst target path
The base valuation assumes HAL achieves its forward estimates and maintains a stable P/E multiple of 14.1x. This scenario reflects the blended consensus of 64 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Halliburton Company (HAL) has a Wall Street consensus price target of $43.11, based on estimates from 64 covering analysts. With the stock currently trading at $33.01, this represents a potential upside of +30.6%. The company has a market capitalization of $27.58B.
Analyst price targets range from a low of $37.00 to a high of $53.00, representing a 37% spread in expectations. The median target of $42.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 47 analysts rating the stock as a Buy or Strong Buy,15 rating it Hold, and 2 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, HAL trades at a trailing P/E of 22.0x and forward P/E of 14.1x. Analysts expect EPS to grow +22.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $48.05, with bear and bull scenarios of $30.27 and $63.31 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SLBSlb N.V. | $77.5B | $51.87 | $64.58 | +24.5% | Buy | 20.9x | 66 |
 BKRBaker Hughes Company | $57.6B | $58.03 | $74.45 | +28.3% | Buy | 22.0x | 45 |
 WFRDWeatherford International plc | $6.1B | $84.66 | $135.00 | +59.5% | Buy | 16.9x | 39 |
 RESRPC, Inc. | $1.3B | $5.85 | $7.50 | +28.2% | Hold | 24.0x | 36 |
 NCSMNCS Multistage Holdings, Inc. | $140M | $53.35 | — | — | — | 21.1x | — |
 ACDCProFrac Holding Corp. | $839M | $4.64 | $5.50 | +18.5% | Hold | — | 6 |
 LBRTLiberty Energy Inc. | $3.0B | $18.27 | $30.57 | +67.3% | Buy | 66.2x | 21 |
 PUMPProPetro Holding Corp. | $1.2B | $9.80 | $16.40 | +67.3% | Buy | — | 30 |
 NINENine Energy Service, Inc. | $125M | $8.96 | $18.00 | +100.9% | Hold | 2.0x | 9 |
 XOMExxon Mobil Corporation | $668.5B | $161.28 | $173.42 | +7.5% | Hold | 13.8x | 55 |
Quick answers to the most common questions about buying HAL stock.
The consensus Wall Street price target for HAL is $43.11, representing 30.6% upside from the current price of $33.01. With 64 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
HAL has a consensus rating of "Buy" based on 64 Wall Street analysts. The rating breakdown is predominantly bullish, with 47 Buy/Strong Buy ratings. The consensus 12-month price target of $43.11 implies 30.6% upside from current levels.
With a forward P/E of 14.0948x, HAL trades at a relatively low valuation. The consensus target of $43.11 implies 30.6% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $53 for HAL, while the most conservative target is $37. The consensus of $43.11 represents the median expectation. Our quantitative valuation model projects a bull case target of $63 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
HAL is heavily covered by Wall Street, with 64 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 46 have Buy ratings, 15 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month HAL stock forecast based on 64 Wall Street analysts shows a consensus price target of $43.11, with estimates ranging from $37 (bear case) to $53 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $48, with bear/bull scenarios of $30/$63.
Our quantitative valuation model calculates HAL's fair value at $48 (base case), with a bear case of $30 and bull case of $63. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 52/100.
HAL trades at a forward P/E ratio of 14.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.0x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on HAL, with a "Buy" consensus rating and $43.11 price target (30.6% upside). 47 of 64 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
HAL analyst price targets range from $37 to $53, a 37% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $43.11 consensus represents the middle ground. Our model's $30-$63 range provides an independent fundamental perspective.
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