Analyst Increases Price Target on Weatherford International (WFRD)

Weatherford International plc (NASDAQ:WFRD) provides instrumentality and services for the drilling, evaluation, completion, production, and involution of oil, geothermal, and earthy state wells worldwide.

Weatherford International plc (NASDAQ:WFRD) received a assistance connected December 11 erstwhile Citi raised its terms people connected the banal from $77 to $93, portion keeping a ‘Buy’ standing connected its shares. The updated terms people represents an upside imaginable of implicit 15% arsenic of the penning of this piece, and comes arsenic portion of the expert firm’s outlook for the lipid and state instrumentality and services radical for 2026. According to Citi, the manufacture has deed the bottommost of a two-year downcycle and could grounds amended stock performances adjacent year, provided determination are nary antagonistic estimation revisions.

Earlier, connected December 2, UBS expert Josh Silverstein initiated sum of Weatherford International plc (NASDAQ:WFRD) with a Neutral standing and a terms people of $82. The expert believes that the company’s vulnerability to Mexico is turning from a headwind to a tailwind, arsenic it has witnessed sequential gross improvements successful the state implicit the past 2 quarters. The expert besides highlighted WFRD’s beardown show implicit the past fewer months, with the banal soaring by much than 105% since hitting a multi-year debased successful April.

While we admit the imaginable of WFRD arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None.