Analyst Price Target is $4.07
▲ +1,552.22% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Saipem in the last 3 months. The average price target is $4.07, with a high forecast of $6.19 and a low forecast of $1.95. The average price target represents a 1,552.22% upside from the last price of $0.25.
Current Consensus is
The current consensus among 9 polled investment analysts is to buy stock in Saipem. This rating has held steady since April 2021, when it changed from a Hold consensus rating.
Saipem SpA provides integrated basic and detailed onshore engineering, procurement, project management, and construction services mainly to the oil and gas, complex civil and marine infrastructure, and environmental market sectors. It operates through the following business segments: Offshore Engineering and Construction; Onshore Engineering and Construction; Offshore Drilling; and Onshore Drilling. The Offshore Engineering and Construction segment includes platforms, pipelines, subsea field developments, MMO or Maintenance, Modification, and Operations activities, and the execution of large-scale offshore projects. The Onshore Engineering and Construction segment designs and constructs hydrocarbon production facilities, hydrocarbon treatment facilities, and large onshore treatment and transportation systems and facilities. The Offshore Drilling segment consists of a fleet of vessels for deep water, mid-water, high specifications jack-up, and standard jack-up operations. The Onshore Drilling segment comprises a fleet of drilling rigs for wells in Italy and abroad. The company was founded in 1957 and is headquartered in San Donato Milanese, Italy.