UBS, Citi Raise Baker Hughes (BKR) Targets Ahead of Energy Recovery

Group 1 - Baker Hughes Company (NASDAQ:BKR) is considered one of the best hydrogen stocks to buy currently, with UBS raising its price target to $54 from $48 while maintaining a Neutral rating [1] - UBS has a positive outlook for the Energy sector heading into 2026, expecting momentum to spread across oil exploration, production firms, and oilfield services providers like Baker Hughes [2] - Citi raised its price target for Baker Hughes to $61 from $55, maintaining a Buy rating, indicating the industry is at the bottom of a two-year downcycle but expects improved share performance in 2026 [3] Group 2 - Baker Hughes is an energy technology company that develops technologies for the entire hydrogen value chain, including hydrogen-enabled turbines, compressors, valves, and monitoring systems [4]