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TechnipFMC (FTI) Price Target Raised to $52
Yahoo Finance· 2025-12-31 10:18
Group 1 - Piper Sandler raised the price target for TechnipFMC plc (NYSE:FTI) from $49 to $52, indicating an upside potential of over 16% from the current share price while maintaining an 'Overweight' rating [2] - The energy industry faced challenges in 2025 but is expected to explore new growth avenues, with cyclical tailwinds anticipated to begin in 2026, including activity resuming in Saudi Arabia and Mexico, and a bottoming American land market [2] - The offshore sector is not expected to recover before 2027, indicating a prolonged period of challenges for that segment [2] Group 2 - TechnipFMC secured a 'substantial' contract from Eni SpA for the Coral North LNG project offshore Mozambique, valued between $250 million and $500 million, building on previous work on the Coral South Floating LNG project [3] - The company also won a contract for the Subsea 2.0 production systems by Chevron for the Gorgon Stage 3 brownfield project, highlighting its ongoing partnership with Chevron and the use of innovative technologies [4]