UBS Cuts SLB Price Target to $70
Key Points
- SLB N.V. shares recently traded at $53.09, which is about 2.3% above the closing price of $51.90 on October 26, 2026.
- UBS's $70 price target implies 31.84% upside from SLB N.V.'s ($SLB) current $53.09 share price.
- The stock is currently below UBS's new price target of $70, which is 24.2% lower than the current share price.
- The company has a market cap of approximately $78.3 billion and a P/E ratio of 25.6.
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On October 26, 2026, UBS lowered its price target on SLB N.V. to $70 from $75 while maintaining a Buy rating. This change reflects UBS's outlook on the oil and gas sector, where SLB operates. The firm’s decision comes as SLB shares recently traded at $53.09, which is about 2.3% above the closing price of $51.90 on the same day.
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UBS's Call on SLB
UBS adjusted its price target for SLB from $75 to $70. Despite this reduction, the firm still rates the stock as a Buy, indicating that they believe it has potential for growth. The new target suggests that UBS is cautious about the stock's near-term performance but still sees value in the company.
SLB N.V. Stock Up 7.2%
As of October 26, 2026, SLB shares are trading at $53.09, which is above both its 50-day moving average of $52.47 and its 200-day moving average of $51.26. However, the stock is about 12.2% below its 52-week high of $60.46, indicating that it has room to grow if it can reach those levels again. The recent share price is also about 14.9% below the mean analyst target of $62.38.
$SLB price target
SLB N.V. daily closes and this analyst's $70 target. Not advice.
Recent Earnings
SLB reported trailing twelve-month revenue of approximately $36.67 billion, with an EPS of $2.07. The company has shown a revenue growth of 6.6% year-over-year. Its next earnings report is scheduled for January 22, 2027.
Insider Buying and Selling at SLB N.V.
Recently, CEO Olivier Le Peuch sold a total of 125,000 shares in multiple transactions, with the most recent one being on September 1, 2026, at a price of $60 per share. These transactions occurred before the recent analyst ratings and price target changes, reflecting ongoing management activity in the stock.
Analysts Set New Price Targets
On October 26, 2026, several firms adjusted their price targets for SLB. UBS lowered its target to $70 while maintaining a Buy rating. Barclays also reduced its target to $63 from $66, while Piper Sandler raised its target to $65 from $63. Citigroup maintained its Buy rating with a target of $62, and Freedom Broker upgraded to Hold with a target of $48.
About SLB
SLB N.V. provides technology and services for the energy industry globally. The company operates in various segments, including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It specializes in field development, carbon management, and reservoir data processing, making it a key player in the oil and gas sector.
Bottom Line
Investors should keep an eye on SLB's upcoming earnings report on January 22, 2027. The recent changes in analyst targets suggest a cautious yet optimistic outlook for the company, particularly in light of its strategic position in the energy sector.
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Source: UBS's rating change on $SLB (Oct 26, 2026). Written by software, not financial advice. How we make alerts