7/103 sources · 3 publishersUpdated Oct 13, 19:44 UTC
UBS initiates coverage of TechnipFMC with buy rating and $89 price target
UBS started coverage of TechnipFMC, assigning a buy rating and setting a $89 price target. The bank forecasts subsea orders above $11 billion for fiscal 2027 and EBITDA of $2.77 billion for fiscal 2028. TechnipFMC reported Q2 2026 adjusted earnings of $0.91 per share on revenue of $2.76 billion, beating estimates. The stock traded at $69.75 and rose about 1.1% after the note was released.
Why it matters
UBS’s target implies roughly a 27% upside from the current $69.75 price, which may attract buying interest. The firm’s subsea order and EBITDA forecasts suggest strong growth prospects that could support higher valuations.
Key facts
- 1UBS assigned a buy rating to TechnipFMC. investing.com
- 2UBS set a price target of $89.00. investing.com
- 3TechnipFMC’s shares were trading at $69.75. investing.com
- 4UBS forecasts subsea orders exceeding $11 billion for fiscal year 2027. investing.com
- 5UBS forecasts fiscal year 2028 EBITDA of $2.77 billion. investing.com
- 6TechnipFMC reported adjusted earnings of $0.91 per share for Q2 2026. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.