NOV Stock Target Price and Analyst Consensus
| NOV Stock | USD 18.50 0.03 0.16% |
The current analyst and expert consensus on NOV is Buy with 6 buy recommendations. The current projected NOV target price consensus is 25.04, with 26 analyst opinions. The most common way NOV Inc analysts use to provide public buy-or-sell recommendation is financial statements analysis. They also talk to NOV executives, vendors, and/or customers. NOV buy-or-sell recommendation module provides average expert sentiment on the projected NOV Inc target price to derive its highest and lowest estimates based on target price estimated volatility of 0.0. Check out Macroaxis Advice on NOV to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 22.79 | Highest Forecast 27.79 | Target Price 25.04 |
NOV |
It's important to approach NOV's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize NOV price targets
NOV's stock target price is an estimate of its future price, usually made by analysts. Using NOV's target price to determine if it is a suitable investment can be done through the following steps:- Look at NOV's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if NOV's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional NOV Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of NOV is a key component of NOV valuation and have some predictive power on the future returns of a NOV.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NOV's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Hedge Favorites Invested over 70 shares | |
 | Manufacturing Invested over 40 shares | |
 | Power Assets Invested over 200 shares | |
 | Banking Invested over 30 shares | |
 | Cash Cows Invested few shares | |
 | Automobiles and Trucks Invested over 200 shares | |
 | Warren Buffett Holdings Invested few shares | |
Check out Macroaxis Advice on NOV to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for NOV Stock analysis
When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.
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The data published in NOV's official financial statements usually reflect NOV's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of NOV Inc. For example, before you start analyzing numbers published by NOV accountants, it's critical to develop an understanding of what NOV's liquidity, profitability, and earnings quality are in the context of the Energy Equipment & Services space in which it operates.
Please note, the presentation of NOV's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NOV's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NOV's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NOV Inc. Please utilize our Beneish M Score to check the likelihood of NOV's management manipulating its earnings.