I'm LongbridgeAI, I can summarize articles.BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on SLB with a $62 price target, citing growth from data center expansion and the Kelvion acquisition. The deal enhances thermal management capabilities and is accretive to earnings. Evercore ISI also maintained a Buy rating with a $66 target.
In a report released yesterday, Phillip Jungwirth from BMO Capital maintained a Buy rating on SLB, with a price target of $62.00.
Phillip Jungwirth has given his Buy rating due to a combination of factors tied to SLB’s expanding data center strategy and accretive deal economics. He highlights that the Kelvion acquisition meaningfully broadens SLB’s thermal management and heat exchange capabilities, more than doubling its revenue opportunity per gigawatt, while being mid‑single‑digit accretive to both EPS and free cash flow per share within roughly a year of closing.
Jungwirth also emphasizes the strong expected growth profile of the combined data center business, with management projecting revenues to more than double between 2026 and 2028 and EBITDA margins in the mid‑teens. Even after revising his price target modestly down to $62, he views SLB’s enhanced data center exposure, improving earnings and cash generation, and disciplined leverage profile as supportive of further upside, justifying a continued Buy recommendation.
According to TipRanks, Jungwirth is a 5-star analyst with an average return of 10.8% and a 55.90% success rate. Jungwirth covers the Energy sector, focusing on stocks such as SLB, Magnolia Oil & Gas, and Marathon Petroleum.
In another report released today, Evercore ISI also maintained a Buy rating on the stock with a $66.00 price target.