Citi Raises PT on SLB N.V. (SLB) Stock

Core Insights - SLB N.V. is identified as one of the best bargain stocks to buy in November, with analysts from Citi and Barclays raising their price targets to $47 and $48 respectively, while maintaining positive ratings [1][2] - The company's Q3 2025 results showed a revenue of $8.93 billion, reflecting a 4% sequential increase but a 3% year-over-year decline, attributed to additional revenue from ChampionX and growth in the digital segment [3] Financial Performance - SLB N.V. reported a sequential revenue increase due to two months of additional ChampionX revenue, growth in its digital segment, and resilient performance in its core business [3] - Despite challenges such as a fully supplied oil market and geopolitical uncertainties, SLB managed to improve its revenue [3] Market Context - The company derives approximately 80% of its revenue from international and offshore markets, which positions it favorably amidst OPEC+ production increases [4] - Concerns regarding tariffs and trade uncertainties have impacted the oilfield service sector, particularly in North America, where rig counts and drilling activity have declined [4]