Jefferies lowers Baker Hughes price target to $77 amid strong growth and high oil prices

Jefferies adjusted Baker Hughes' price target down to $77 from $80, still indicating a 34.8% upside from its current price of $57.12. The company shows strong growth in its Industrial and Energy Technology division, with bookings up 79% and a record backlog of $40.1 billion, signaling solid future revenue. Elevated oil prices above $94 per barrel and expansion into power generation support continued demand and profitability. Strategic acquisitions are expected to boost margins and reduce costs further.

Baker Hughes (BKR) shares are trading at USD 56.64 on Pluang, slightly down 0.84% as of Sep 29, 2026 21:15 WIB. The stock shows a dividend yield of 1.61% and a market cap of $56.70 billion, with all current Pluang orders on the buy side.