Noble

NE · NYSE

$42.78−$1.26 (−2.86%)TodayMarket closed · Oct 20, 7:50 PM ET

Prev close $44.04

NE analyst rating

HoldConsensus of 6 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy2
Hold4
Underperform0
Sell0

12-month price target · 16 analysts

Average $50.29 (+17.5% upside)

Low: $35.35
Now: $42.78
High: $61.95

Upgrades and downgrades

The latest rating actions, newest first

NE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Susquehanna	Oct 5, 2026	Maintains	Neutral	$40.00 → $44.00	56%
Citigroup	Sep 7, 2026	Maintains	Neutral	$45.00 → $50.00	48%
Barclays	Jul 30, 2026	Maintains	Overweight	$55.00 → $53.00	51%
Barclays	Jul 16, 2026	Maintains	Overweight	$56.00 → $55.00	51%
Susquehanna	Jul 8, 2026	Maintains	Neutral	$55.00 → $40.00	56%
Citigroup	Jun 30, 2026	Maintains	Neutral	$52.00 → $45.00	48%
Barclays	May 7, 2026	Upgrade	Equal-Weight → Overweight	$50.00 → $56.00	51%
Citigroup	May 5, 2026	Maintains	Neutral	$50.00 → $52.00	48%
Barclays	Apr 29, 2026	Maintains	Equal-Weight	$41.00 → $50.00	51%
Evercore ISI Group	Apr 28, 2026	Maintains	In-Line	$45.00 → $59.00	47%

The case for and against

Updated Jan 18, 2025

Bull case

Noble Corp PLC is poised for growth, with improving visibility for consistent contract opportunities in Norway anticipated for 2025. The market for 7G drillships remains strong, with demand driven by the need for 5-10 rigs to support drilling programs in regions such as Brazil, Suriname, Namibia, and Mozambique. Furthermore, forecasts indicate increased activity for this class of rig in the latter half of 2025 and into 2026, enhancing the company's growth prospects in the offshore drilling sector.

Bear case

Noble Corp PLC is facing a negative outlook due to anticipated soft demand for lower specification 6G floaters, which is expected to result in decreased utilization of these units into the first half of 2025. Additionally, while leading edge day rates for tier-1 drillships are currently robust, they remain constrained within the high $400,000 to low $500,000 range, limiting significant revenue growth. Overall, the combination of lower demand for certain rigs and stagnant day rates suggests challenges for the company's financial performance in the near term.

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