SLB Buy Rating Reiterated as Data Center Expansion and Kelvion Deal Drive Growth Outlook Despite Price Target Trim to $62
Tip Ranks·- BMO Capital analyst Phillip Jungwirth maintained a buy rating on SLB while adjusting the target price to 62.00 US dollars. - The rating is driven by the Kelvion acquisition, which triples per-kilowatt revenue opportunities, and strong growth projections for the data center business. - Management expects data center revenue to double between 2026 and 2028, supported by enhanced profitability and disciplined leverage.