Quick Summary:
- Weatherford International partners with Amazon Web Services to boost digital innovation.
- Analysts predict significant upside potential for Weatherford's stock.
- Current market analysis rates the stock as "Outperform."
Weatherford International (WFRD, Financial) has embarked on a strategic partnership with Amazon Web Services (AWS) to advance its digital innovation endeavors. This collaboration aims to transition Weatherford's software and hardware to AWS, fostering the development of cutting-edge technologies for the energy sector.
Wall Street Analysts Forecast
According to projections from seven analysts, the average price target for Weatherford International PLC (WFRD, Financial) over the next year is $76.14. These forecasts include a high target of $90.00 and a low of $60.00. This average target represents a promising upside of 53.67% from the current stock price of $49.55. For a more in-depth analysis, please visit the Weatherford International PLC (WFRD) Forecast page.
Currently, Weatherford International PLC (WFRD, Financial) holds an average brokerage recommendation of 2.0, indicating an "Outperform" status. This rating is derived from the consensus of seven brokerage firms and uses a scale from 1 to 5, where 1 represents a Strong Buy and 5 suggests a Sell.
Moreover, GuruFocus estimates the GF Value of Weatherford International PLC (WFRD, Financial) to be $69.87 in one year. This suggests a potential upside of 41.01% from the current trading price of $49.55. The GF Value reflects GuruFocus' fair value assessment, based on historical trading multiples, past business growth, and future performance projections. For further detailed data, please visit the Weatherford International PLC (WFRD) Summary page.
