Barclays Cuts SLB Price Target to $63

By TradeTexts Research Desk Oct 26, 2026, 2:15 PM EDT

Key Points

Barclays adjusted its price target for SLB to $63, down from $66, while keeping an Overweight rating.
Barclays's $63 price target implies 18.90% upside from SLB N.V.'s ($SLB) current $52.98 share price.
As of October 26, 2026, SLB shares closed at $51.90 and recently traded around $52.98, which is above the closing price.
The average analyst price target for SLB is $62.38, indicating that the stock is currently trading below this mean target.

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On October 26, 2026, Barclays lowered its price target for SLB N.V. (NYSE: SLB) to $63 from $66 while maintaining an Overweight rating. This adjustment comes as part of Barclays' ongoing analysis of the energy sector and reflects the company's recent performance. The firm had previously adjusted targets for other companies as well on the same day.

SLB SLB N.V.

$53.06 +34.16% year to date

Daily close · Oct 23, 2026

Analyst rating track record

Barclays vs. the S&P 500

YTD return +1.81% hypothetical

All-time return +1.81% S&P 500 +0.54%

vs. S&P 500 +1.27% ahead of the index

Hypothetical returns from Barclays's disclosed trades, not real profit or advice. How we model this.

Barclays' Call on SLB

Barclays' new target of $63 is a shift from its earlier target of $66. The firm continues to rate SLB as Overweight, suggesting a favorable outlook despite the lowered price target. This update follows a trend among analysts, with several firms maintaining or adjusting their targets for SLB in recent weeks.

Other Institutional Activity in SLB

There were no updates from other institutional investors regarding SLB during this reporting period.

SLB N.V. Stock Up 6.9%

As of October 26, 2026, SLB shares closed at $51.90 and were recently traded around $52.98, which is above the closing price. The stock is also trading above its 50-day moving average of $52.47 and its 200-day moving average of $51.26. However, it remains about 12.4% below its 52-week high of $60.46.

12-month forecast

$SLB price target

SLB N.V. daily closes and this analyst's $63 target. Not advice.

Recent Earnings

SLB reported trailing twelve-month revenue of approximately $36.67 billion. The company's net margin stands at 8.4%, and its return on equity is at 11.7%. The next earnings report is scheduled for January 22, 2027.

Insider Buying and Selling at SLB N.V.

Recently, Chief Executive Officer Olivier Le Peuch sold a total of 125,000 shares in several transactions this past August and September. The most notable sale was on September 1, 2026, when he sold 35,000 shares at an average price of $60.00, totaling about $2.1 million. These sales occurred before the recent price target adjustment by Barclays.

Analysts Set New Price Targets

On October 26, 2026, Barclays maintained its Overweight rating on SLB while lowering its price target to $63 from $66. Earlier, on the same day, Piper Sandler also maintained its Overweight rating but raised its target to $65 from $63. The consensus among analysts gives SLB a buy recommendation with a mean price target of $62.38 based on 29 opinions.

About SLB

SLB N.V. provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Their services range from field development and hydrocarbon production to carbon management and reservoir interpretation, making them a key player in the oil and gas equipment and services industry.

Bottom Line

Investors should keep an eye on SLB as it approaches its next earnings date on January 22, 2027. The recent target adjustment by Barclays could influence market sentiment, and further updates from analysts may provide additional insights into the stock's performance.