Halliburton Company Stock Price Forecast: Analysts See Upside
Average Target Price of $37.28
The 17 analysts covering Halliburton Company (NYSE: HAL) have an average 12-month price target of $37.28, with a high estimate of $44.00 and a low estimate of $31.00. The current consensus among analysts is a "buy" rating.
Key Factors Driving the Forecast
Analysts cite several factors driving their bullish outlook on Halliburton Company stock, including:
- Increased demand for oil and gas services as the global economy recovers from the pandemic.
- Halliburton's strong market position and expertise in the upstream oil and gas industry.
- The company's recent cost-cutting measures and operational efficiency improvements.
Conclusion
Analysts believe that Halliburton Company is well-positioned to benefit from the improving outlook for the oil and gas sector. The company's solid financial performance, strong fundamentals, and attractive valuation make it an attractive investment opportunity.
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