Bank of America Lowers PT on Schlumberger Limited (SLB); Maintains 'Buy' Rating

Billionaire Kerr Neilson has bought over $88 worth of shares in Schlumberger Limited (NYSE:SLB), representing 5.10% of his stock portfolio, securing the company a spot in Billionaire Kerr Neilson’s 10 Stock Picks with Huge Upside Potential.

Bank of America cut down its price target on Schlumberger Limited (NYSE:SLB) from $42 to $40 on July 7, 2025, maintaining a ‘Buy’ rating. The update reflects continued softness in well construction activity in Saudi Arabia and North America. Meanwhile, overall performance for the remaining part of the year is expected to remain steady, indicating operational resilience, according to the analyst.

Furthermore, Schlumberger Limited’s (NYSE:SLB) shift toward digital and low-carbon technologies is drawing investor interest, as this diversification strategy is expected to support its long-term growth beyond traditional oil and gas segments. Meanwhile, the company expects $4 billion in free cash flow in 2025, which is expected to position the company to sustain dividends and share repurchases.

Schlumberger Limited (NYSE:SLB), focused on energy innovation, offers energy technology services across drilling, production and digital systems. Operating through segments like Digital & Integration, Reservoir Performance, Well Construction, and Production Systems, the company supports clients worldwide, from oilfield operators to emerging low-carbon energy developers.

While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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