Stifel Nicolaus Lowers Price Target on Schlumberger Limited (SLB) to $52, Keeps a Buy Rating

Schlumberger Limited (NYSE:SLB) is one of the best cheap stocks under $50 to buy now. In a report released on July 16, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on Schlumberger Limited (NYSE:SLB), lowering the price target on the stock to $52 from $54.

The analyst told investors in a research note that oil service stocks have underperformed the S&P 500 in 2025, with the catalysts for the industry being majorly negative.

The firm believes that as the market enters the fiscal Q2 2025 earnings season, shares will range-bound until estimates stop dropping.

Schlumberger Limited (NYSE:SLB) provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.

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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Disclosure: None. This article is originally published at Insider Monkey.