Halliburton stock rises sharply with BMO raising 2026 target to $42 amid strong international and North America outlooks.

Halliburton's stock has surged over 30% year to date, hitting a 52-week high as BMO Capital raised its 2026 price target to $42 from $39, above the Street consensus. The upgrade is supported by resilient international revenue growth, multi-year contracts, and a recovering North American market with stable oil prices. Halliburton's disciplined capital return program and cost-saving measures also bolster confidence. To reach $42, the company needs steady North America activity, sustained Middle East revenue, and continued margin improvements, with oil price stability as a key risk factor.