Shares of Halliburton Company (Symbol: HAL) reached $37.51 on October 10, 2023, crossing above the average analyst 12-month target price of $37.12. This movement is significant as analysts typically reassess their price targets in response to such milestones. Currently, there are 24 analysts contributing to Halliburton’s price target, with estimates ranging from $30.00 to $44.00 and a standard deviation of $3.455.
Recent analyst ratings for Halliburton reveal 13 strong buy ratings, 3 buy ratings, 8 hold ratings, and 1 strong sell rating. The average rating is 1.9, where a rating of 1 represents a strong buy and a rating of 5 indicates a strong sell. The data reflects a generally positive outlook among analysts, as indicated by the increase in strong buy ratings from 12 to 13 over the past month.
