12.5% Below Target

NOV Inc. (NOV) has a consensus 12-month price target of $21, implying 12.5% upside from $18.66. The 58 analysts covering NOV see moderate appreciation potential.

NOV has a consensus rating of "Hold" based on 58 Wall Street analysts. The rating breakdown is mixed, with 30 Hold ratings making up the largest segment. The consensus 12-month price target of $21 implies 12.5% upside from current levels.

NOV trades at a forward P/E of 22.2593x, representing a moderate valuation. With analysts targeting $21 (12.5% implied move), the stock appears reasonably valued with upside.

The most bullish Wall Street analyst has a price target of $26 for NOV, while the most conservative target is $18. The consensus of $21 represents the median expectation. Our quantitative valuation model projects a bull case target of $19 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

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, 30 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month NOV stock forecast based on 58 Wall Street analysts shows a consensus price target of $21, with estimates ranging from $18 (bear case) to $26 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $15, with bear/bull scenarios of $9/$19.

Our quantitative valuation model calculates NOV's fair value at $15 (base case), with a bear case of $9 and bull case of $19. 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 42/100.

NOV trades at a forward P/E ratio of 22.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 47.8x. 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 optimistic on NOV, with a "Hold" consensus rating and $21 price target (12.5% upside). 25 of 58 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.

NOV analyst price targets range from $18 to $26, a 38% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $21 consensus represents the middle ground. Our model's $9-$19 range provides an independent fundamental perspective.