NOV Inc. (NOV) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$20.18
Price Target
$19.38
Target Range
$15.00 — $24.00
Analyst Rating
Hold
Forward P/E22.7x
Trailing P/E51.7x
Forward PEG—
Implied Growth+255.2%
Median Target$19.50
Analyst Spread46.4%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$15
-25.7%
Consensus
$19
-4.0%
Bull Case
$24
+18.9%
NOV Price Target Analysis
Updated May 7, 2026As of May 7, 2026, NOV Inc. (NOV) has a Wall Street consensus price target of $19.38, based on estimates from 58 covering analysts. With the stock currently trading at $20.18, this represents a potential downside of -4.0%. The company has a market capitalization of $7.28B.
Analyst price targets range from a low of $15.00 to a high of $24.00, representing a 46% spread in expectations. The median target of $19.50 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 25 analysts rating the stock as a Buy or Strong Buy,31 rating it Hold, and 2 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, NOV trades at a trailing P/E of 51.7x and forward P/E of 22.7x. Analysts expect EPS to grow +255.2% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside-4.7%
Avg Forward P/E466.5x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 BKRBaker Hughes Company | $66.1B | $66.65 | $72.00 | +8.0% | Buy | 27.8x | 45 |
 HALHalliburton Company | $33.7B | $40.40 | $37.08 | -8.2% | Buy | 17.4x | 64 |
 SLBSLB N.V. | $82.8B | $55.16 | $56.95 | +3.2% | Buy | 20.6x | 66 |
 LBRTLiberty Energy Inc. | $5.3B | $32.47 | $34.00 | +4.7% | Buy | 3568.1x | 19 |
 NCSMNCS Multistage Holdings, Inc. | $105M | $40.06 | — | — | — | 8.7x | — |
 FTITechnipFMC plc | $29.6B | $73.94 | $67.38 | -8.9% | Buy | 25.3x | 50 |
 OIIOceaneering International, Inc. | $3.7B | $37.07 | $33.00 | -11.0% | Hold | 20.7x | 44 |
 WTTRSelect Water Solutions, Inc. | $1.8B | $17.45 | $16.00 | -8.3% | Buy | 43.2x | 14 |
 ACDCProFrac Holding Corp. | $1.3B | $7.13 | $6.00 | -15.8% | Hold | — | 6 |
 PUMPProPetro Holding Corp. | $1.9B | $15.77 | $14.75 | -6.5% | Buy | — | 30 |
Upside Potential Comparison
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Start ComparisonNOV — Frequently Asked Questions
Quick answers to the most common questions about buying NOV stock.
What is the NOV stock price target for 2026?
Wall Street's consensus price target for NOV is $19.38, -4.0% from its current price of $20.18. The below-market target from 58 analysts suggests limited near-term appreciation.
Is NOV a buy, sell, or hold?
NOV has a consensus rating of "Hold" based on 58 Wall Street analysts. The rating breakdown is mixed, with 31 Hold ratings making up the largest segment. The consensus 12-month price target of $19.38 implies -4.0% downside from current levels.
Is NOV stock overvalued or undervalued?
NOV trades at a forward P/E of 22.7227x, representing a moderate valuation. With analysts targeting $19.38 (-4.0% implied move), the stock appears close to fair value.
How high can NOV stock go?
The most bullish Wall Street analyst has a price target of $24 for NOV, while the most conservative target is $15. The consensus of $19.38 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover NOV stock?
NOV is heavily covered by Wall Street, with 58 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 25 have Buy ratings, 31 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the NOV stock forecast?
The 12-month NOV stock forecast based on 58 Wall Street analysts shows a consensus price target of $19.38, with estimates ranging from $15 (bear case) to $24 (bull case). The median consensus rating is "Hold".
What is NOV's forward P/E ratio?
NOV trades at a forward P/E ratio of 22.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 51.7x. 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.
Should I buy NOV stock?
Analysts are cautious on NOV, with 2 Sell ratings and a price target of $19.38 (-4.0% from current price). The "Hold" consensus suggests careful evaluation before buying. 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.
Why do NOV price targets vary so much?
NOV analyst price targets range from $15 to $24, a 46% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $19.38 consensus represents the middle ground.