RBC cuts target for Baker Hughes stock to USD 71.00

Published on 10/27/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 6.74 billion on June 30, 2026. Baker Hughes stock costs EUR 51.41 on October 27, 2026 during trading.

Analyst target and operating figures

RBC cut its Baker Hughes target from USD 76.00 to USD 71.00 on October 19, 2026.
Second-quarter revenue was USD 6.74 billion versus USD 6.91 billion a year earlier.
Baker Hughes stock costs EUR 51.41 at Lang & Schwarz on October 27, 2026 at 4:48 p.m. CET.

Baker Hughes Co., US05722G1004, Illustration mit AI erstellt.

Baker Hughes stock (ISIN US05722G1004) is trading at EUR 51.41 at Lang & Schwarz on October 27, 2026 at 4:48 p.m. CET. On October 19, 2026, RBC cut its price target from USD 76.00 to USD 71.00 while keeping an Outperform rating, as MarketScreener reported.

Revenue fell in the second quarter

For the quarter ended June 30, 2026, Baker Hughes reported revenue of USD 6.74 billion and net profit of USD 682.00 million. Revenue was USD 6.91 billion in the same quarter a year earlier, while net profit was USD 701.00 million, according to The Globe and Mail. The comparison puts the analyst target cut alongside a measurable earnings base rather than a purely market-driven signal.

Stock remains below its yearly high

The Nasdaq quote was USD 57.38 at 11:58 a.m. EDT on October 27, 2026. Baker Hughes was 18.46 times earnings, had a market capitalization of USD 57.0 billion and traded within a 52-week range of USD 44.26 to USD 70.41. The 52-week high therefore remains USD 13.03 above the Nasdaq quote.

What does the USD 71.00 target imply?

RBC's USD 71.00 target stood 23.74 percent above the Nasdaq quote of USD 57.38 on October 27, 2026. That calculation uses the same home-exchange currency and places the target below Baker Hughes' USD 70.41 52-week high by USD 0.59.

Reporting date and peer frame

MarketScreener listed the third-quarter 2026 earnings release for October 27, 2026. That date gives investors a defined checkpoint for comparing revenue growth with the USD 71.00 target.

Comparison with peers
Baker Hughes Company: up 2.45 percent on October 27, 2026, P/E 18.46, market capitalization USD 57.0 billion
Halliburton Company (NYSE, USD): down 0.14 percent on October 27, 2026, P/E 14.82, market capitalization USD 29.5 billion
SLB N.V. (NYSE, USD): up 0.97 percent on October 27, 2026, P/E 26.29, market capitalization USD 79.5 billion

Price stays the daily anchor

Baker Hughes was trading at EUR 51.41 at Lang & Schwarz on October 27, 2026 at 4:48 p.m. CET. The quote places the stock in the German market view while the analyst target and operating figures remain denominated in USD. The further course of trading is shown by the continuously updated real-time quote of Baker Hughes stock.