BKR
Baker Hughes Co
NASDAQ: BKR · ENERGY · OIL & GAS EQUIPMENT & SERVICES
$63.14
-0.54% today
Updated 2026-06-12
Market cap
$64.03B
P/E ratio
20.62
P/S ratio
2.30x
EPS (TTM)
$3.13
Dividend yield
1.46%
52W range
$36 – $70
Volume
8.2M
Baker Hughes Co (BKR) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed BKR price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$63.14
Today
Analyst consensus
$70.81
+12.15% · 12M
2030 Base
$46.88
-25.75% future
NPV today
$30.47
@ 10% WACC
22 analysts:
18 Buy3 Hold1 Sell
Management guidance
CEO Lorenzo Simonelli indicated at Q1 2026 earnings that BKR expects strong LNG order acceleration and backlog conversion through 2027-2028, with particular strength in IET (Integrated Energy Technologies) segment driven by energy security pivot post-Iran conflict. Management stated the company is positioned for 'multi-year upstream investment wave' with 2027-2028 being peak growth years. No specific revenue targets disclosed, but guidance implies mid-to-high single-digit growth 2026, then 8-12% CAGR 2027-2028.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
BKR · Baker Hughes Co · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$46.88
NPV today: $30.47
Base case (2030)
$46.88
NPV today: $30.47
Bull case (2030)
$86.53
NPV today: $56.23
WallStSmart.com
BKR financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $27.7B | $28.9B | $31.4B | $34.7B | $37.5B | $39.9B |
| Revenue growth | -0.3% | 4.2% | 8.9% | 10.4% | 8.2% | 6.2% |
| Net margin | — | 9.1% | 10.1% | 11.1% | 11.5% | 11.8% |
| EPS | $2.59 | $2.65 | $3.18 | $3.85 | $4.32 | $4.68 |
| Diluted shares | — | 995M | 998M | 1001M | 1003M | 1005M |
| Net debt | — | $-1.22B | $-2.54B | $-4.00B | $-5.58B | $-7.26B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $30.22 | $34.03 | $38.64 | $42.97 | $46.88 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $39.9B | $39.9B | $39.9B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 1005M | 1005M | 1005M |
| Net debt | $-7.26B | $-7.26B | $-7.26B |
| Implied P/E † | 10x | 10x | 19x |
| 2030 Price | $46.88 | $46.88 | $86.53 |
| NPV @ 10% | $30.47 | $30.47 | $56.23 |
† Implied P/E: Multiples remain elevated across all three scenarios because BKR is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $46.88 base case
BKR catalysts and risks
Growth catalysts
+ LNG order acceleration from ConocoPhillips Alaska project and global energy security demand post-Iran conflict
+ Waygate Technologies divestiture ($1.45B) provides capital for buybacks and deleveraging, boosting EPS
+ Backlog conversion from record IET orders in Q1 2026; multi-year contracts securing recurring revenue through 2028
+ Upstream capex rebound driven by geopolitical tensions and energy diversification away from OPEC; best sector setup in 20 years per Barclays
+ Hyperscaler data center power and cooling solutions via AI-enabled optimization (Google Cloud partnership)
Key risks
- Oil price collapse below $70/bbl would rapidly decelerate customer capex plans and delay project FIDs
- Iran conflict resolution or ceasefire could reduce urgency of energy security spending boom
- Margin pressure from competitive pricing in North American pressure pumping and services commoditization
- Long cycle times on LNG and deepwater projects mean order-to-revenue conversion risk if FIDs slip
- Exposure to Mexico market softness and potential further E&P budget cuts if upstream spending disappoints
Methodology · Baker Hughes Co 2030 stock forecast model
Baker Hughes Co 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for BKR by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-7.26B by 2030) |
| 3. Time value | NPV calculated using 10% WACC (CAPM: beta 0.97) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
BKR price target FAQ
What is the BKR price target for 2030?
WallStSmart's Baker Hughes Co 2030 base case is $46.88 per share, with a bull case of $86.53 and bear case of $46.88. The NPV of the base case discounted to today at 10% WACC is $30.47.
How is the Baker Hughes Co 2030 stock forecast calculated?
The BKR 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the BKR price target account for dilution?
Baker Hughes Co is projected to grow diluted share count from 992M to 1005M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on BKR stock?
22 analysts cover BKR with an average 12-month price target of $70.81. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.