Innovex International (INVX) Gets Upgraded by Barclays

The share price of Innovex International, Inc. (NYSE:INVX) surged by 3.44% between November 14 and November 21, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions, Innovex International, Inc. (NYSE:INVX) designs and manufactures offshore drilling and production equipment.

Innovex International, Inc. (NYSE:INVX) continued its rally and surged to a 52-week high after Barclays upgraded the stock from ‘Underweight’ to ‘Equal Weight’, while also raising its price target from $14 to $20. According to the analyst, Innovex has organized its business well and achieved ‘key wins’ since the merger with Dril-Quip in September 2024.

Barclays highlighted the consistent free cash generated by Innovex International, Inc. (NYSE:INVX), with the energy operator reporting an 82% YoY growth in free cash flow in the third quarter. The analyst firm also acknowledged the company’s ‘well-timed’ recent strategic moves pivotal to its growth, including its new manufacturing facility in Saudi Arabia and its positioning as the exclusive wellhead partner for OneSubsea. According to Barclays, Innovex shares are now deserving of a premium valuation multiple.

Following the recent uptick, the share price of Innovex International, Inc. (NYSE:INVX) has jumped by almost 58% since the beginning of 2025.

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Disclosure: None.