
NOW (DNOW) Stock Forecast & Price Target
NOW (DNOW) Analyst Ratings
Bulls say
Dnow is a company with promising potential, showcasing its strong balance sheet and potential for increased earnings with rising oil prices. Nonetheless, the recent acquisition of MRC Global has given the company a boost in sales, but ERP implementation challenges may hinder short-term growth. With a focus on reducing debt and strategic acquisitions, along with a strong management team, DNOW is positioned to overcome these challenges and continue its growth trajectory in the future.
Bears say
Dnow is heavily dependent on the U.S. market, with 80% of its sales coming from the United States, making it vulnerable to any economic downturns or changes in the U.S. energy industry. Additionally, the company's recent acquisition of MRC Global has increased its exposure to the gas utility market, which may not be as profitable or stable as the upstream energy market. Finally, Dnow is facing ongoing ERP implementation issues, which could lead to further lost sales and potential disruptions to its operations.
This aggregate rating is based on analysts' research of NOW and is not a guaranteed prediction by Public.com or investment advice.
NOW (DNOW) Analyst Forecast & Price Prediction
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