Halliburton's price target raised to $47 after strong Q1 2026 earnings and 126% net income growth.

Jefferies raised Halliburton's price target to $47, reflecting a 16.45% upside from $40.36, following the company's strong Q1 2026 results. Halliburton reported adjusted EPS of $0.55 and $5.4 billion in revenue, beating analyst estimates. Net income surged 126% year-over-year to $461 million, with significant growth in operating income and free cash flow, driven by strong international business, especially in Latin America. This positive momentum highlights Halliburton's improving financial health and growth potential in the oilfield services sector.