--- title: "Schlumberger: International-Led Growth, ChampionX Synergies, and Undemanding Valuation Support Reiterated Buy and Top Pick" type: "News" locale: "en" url: "https://longbridge.com/en/news/273620937.md" description: "Bank of America Securities analyst Saurabh Pant has reiterated a Buy rating on Schlumberger (SLB) stock, citing international growth, earnings trajectory, and valuation. He anticipates improved upstream spending, particularly in the Middle East, leading to revenue growth through 2026-2027. The ChampionX acquisition synergies and digital growth are expected to protect margins. Pant raises his EBITDA estimates and sets a price target of $55 per share. Despite recent stock performance, he notes the stock trades below its long-term average, indicating potential upside. TipRanks also reiterated a Buy rating with a $55 target." datetime: "2026-01-25T22:25:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273620937.md) - [en](https://longbridge.com/en/news/273620937.md) - [zh-HK](https://longbridge.com/zh-HK/news/273620937.md) --- # Schlumberger: International-Led Growth, ChampionX Synergies, and Undemanding Valuation Support Reiterated Buy and Top Pick Bank of America Securities analyst Saurabh Pant has reiterated their bullish stance on SLB stock, giving a Buy rating yesterday. Saurabh Pant has given his Buy rating due to a combination of factors tied to Schlumberger’s international strength, earnings trajectory, and valuation. He expects a gradual improvement in upstream spending, led by international markets and particularly the Middle East, which should translate into modest but accelerating revenue growth for Schlumberger through 2026 and into 2027. The company’s planned cost and revenue synergies from the ChampionX acquisition, alongside growth in its digital offerings, are expected to help protect margins even amid some ongoing pricing pressure. Reflecting this improved outlook, Pant modestly raises his forward EBITDA estimates and lifts his discounted cash flow-based price objective to $55 per share. Pant also highlights Schlumberger’s dominant position in international and offshore markets, which constitute the bulk of its pro forma revenue and are supported by strong customer satisfaction metrics and pricing power. This positioning makes the company a prime beneficiary of an international-led recovery in oilfield activity over the next few years. Despite a strong year-to-date share price performance and some multiple expansion, he notes that the stock still trades below its long-term average valuation, suggesting room for further upside. Taken together, Schlumberger’s leading franchise, incremental upside from digital and data center-related solutions, and what he views as an undemanding valuation underpin his reiterated Buy rating and Top Pick designation. In another report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $55.00 price target. ### Related Stocks - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [CHX.US](https://longbridge.com/en/quote/CHX.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [SLB.US](https://longbridge.com/en/quote/SLB.US.md) - [DIG.US](https://longbridge.com/en/quote/DIG.US.md) - [OILU.US](https://longbridge.com/en/quote/OILU.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [NRGU.US](https://longbridge.com/en/quote/NRGU.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) ## Related News & Research - [US oil and gas auction for New Mexico leases draws record $4 billion in bids](https://longbridge.com/en/news/287117863.md) - [Asia Fuel Oil-Markets pare strength amid tepid demand expectations](https://longbridge.com/en/news/287051717.md) - [Greenland Energy updates investor deck, cites up to 13.0B bbl prospective resource; OPW‑1/OPW‑6 targeted in 2026](https://longbridge.com/en/news/286753003.md) - [Devon Energy dominates record $4 billion US government oil and gas auction](https://longbridge.com/en/news/287124420.md) - [ROI-Oil market clock is ticking as supply crunch looms: Bousso](https://longbridge.com/en/news/287164433.md)