TD Cowen Rates SLB buy, $62 Price Target

TD Cowen maintains its buy rating on SLB N.V. with a $62 target price, a 33.36% upside from the current price.

By TradeTexts Research Desk · Published Jul 1, 2026, 1:01 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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TD Cowen rated SLB N.V. ($SLB) "buy" with a $62 price target on July 1, 2026.

Since the rating, $SLB is up 5.2% after 1 week, up 10.0% after 1 month and up 10.3% to date (from the $44.86 close on Jul 1, 2026).

SLB SLB N.V.

$49.50 +25.16% year to date

Daily close · Oct 16, 2026

Key Points

TD Cowen reiterated its buy rating on SLB N.V. with a price target of $62, as of July 1, 2026.
TD Cowen's $62 price target implies 33.36% upside from SLB N.V.'s ($SLB) current $46.49 share price.
SLB N.V. shares traded around $46.49 on Wednesday, with a market cap of $69.5 billion and a P/E ratio of 20.48.
Analysts from Citigroup and Stifel also maintain buy ratings, with targets of $63 and $64 respectively.

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TD Cowen reiterated its buy rating on SLB N.V. (NYSE:SLB) on July 1, 2026, maintaining its price target at $62. Analyst Marc Bianchi continues to see potential in the energy technology provider, which is a key player in the oil and gas equipment and services industry.

Analyst rating track record

TD Cowen vs. the S&P 500

YTD return -39.93% hypothetical

All-time return -4.17% S&P 500 +43.76%

vs. S&P 500 -47.93% behind the index

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

SLB N.V. Stock Down 4.2%

Shares of NYSE:SLB traded near $46.49 on Wednesday. SLB N.V., with a market cap of approximately $69.5 billion, has a P/E ratio of 20.48 and a forward P/E of 13.91. The stock has a 52-week low of $31.64 and a high of $58.82. Its 50-day moving average is $54.26, while the 200-day moving average stands at $45.23. The company maintains a current ratio of 1.34 and a quick ratio of 0.87, with a debt-to-equity ratio of 42.51.

12-month forecast

$SLB price target

SLB N.V. daily closes and this analyst's $62 target. Not advice.

Recent Earnings

SLB N.V. reported a revenue of about $35.94 billion, reflecting a growth of 2.7% year-over-year. The company achieved a net margin of 9.26% and a return on equity of 14.07%. With earnings per share at $2.27, the company is set to announce its next earnings on July 24, 2026.

Dividend

SLB N.V. offers an annual dividend rate of $1.18, yielding 2.54% with a payout ratio of 50.66%. The company has consistently paid dividends, providing a steady income stream to its shareholders.

Insider Buying and Selling at SLB N.V.

On May 27, 2026, CEO Olivier Le Peuch sold 25,000 shares at an average price of $56.99 under a Rule 10b5-1 plan. Other notable transactions include EVP Steve Matthew Gassen selling 53,379 shares at $56.18 on May 1, 2026, and Director James Hackett buying 5,450 shares on the same day.

Analysts Set New Price Targets

On July 1, 2026, Citigroup maintained its buy rating on SLB N.V. with a $63 price target, while Stifel reiterated a buy rating with a target of $64 on June 18, 2026. RBC Capital also reiterated its buy rating with a $61 target on June 16, 2026. The consensus among 28 analysts is a buy, with a mean target price of $62.36.

About SLB N.V.

SLB N.V., formerly known as Schlumberger Limited, is a global leader in the energy sector, specializing in oil and gas equipment and services. Headquartered in Houston, Texas, the company operates through divisions such as Digital & Integration and Well Construction. Under the leadership of CEO Olivier Le Peuch, SLB employs around 109,000 people worldwide, offering services that range from field development to reservoir interpretation and drilling solutions.

Bottom Line

SLB N.V. remains a focal point for analysts, with TD Cowen and other firms maintaining optimistic outlooks. The reiterated buy ratings highlight confidence in the company's strategic position in the energy industry. Investors should note that analyst ratings and targets are forward-looking and subject to change based on market conditions.