Where is Schlumberger Limited (SLB) Headed According to Analysts?

Schlumberger Limited (NYSE:SLB) is one of the best affordable growth stocks to buy. On August 20, UBS analyst Josh Silverstein lowered the firm’s price target on Schlumberger Limited (NYSE:SLB) to $44 from $45, keeping a Buy rating on the shares.

The analyst told investors in a research note that persistent commodity headwinds are continually dampening upside potential.

The same day, Melius Research initiated coverage of Schlumberger Limited (NYSE:SLB) with a Buy rating and $82 price target.

The firm told investors in a research note that “Energy & Power” has metamorphosed into an AI category with the introduction, acceleration, and adoption of AI, and that the market is in the early stages of a “Power Revolution.”

The firm is thus establishing coverage on several prominent E&Ps, the Supermajors, the largest independent power producers, and the largest oil services companies.

The stock’s median price target of $36.84 implies an upside of 22.15% from current levels.

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.