• Susquehanna maintains a "Positive" grade for Baker Hughes (NASDAQ:BKR), with a price target increase from $56 to $58.
• Institutional investors like Merit Financial Group LLC and Norges Bank show strong confidence in Baker Hughes, significantly increasing their investments.
• Baker Hughes' stock price reflects a slight increase, with a current market capitalization of approximately $48.73 billion.

Baker Hughes (NASDAQ:BKR) is a prominent player in the oilfield services industry, providing products and services for oil and gas exploration and production. The company competes with other industry giants like Schlumberger and Halliburton. On January 7, 2026, Susquehanna maintained its "Positive" grade for Baker Hughes, keeping the action as "hold," with the stock priced at $49.38.

Susquehanna's decision to raise the price target for Baker Hughes from $56 to $58, as highlighted by TheFly, indicates confidence in the company's future performance. This optimism is shared by institutional investors like Merit Financial Group LLC, which increased its investment in Baker Hughes by 144.3% during the third quarter, now holding 22,680 shares valued at approximately $1.1 million.

Other institutional investors have also shown interest in Baker Hughes. Norges Bank acquired a new stake valued at around $862.7 million, while First Trust Advisors LP increased its holdings by 76% in the second quarter, now owning over 7.4 million shares worth $284.4 million. These moves suggest a strong belief in Baker Hughes' potential growth.

Baker Hughes' stock is currently priced at $49.38, reflecting a slight increase of 0.63%. The stock has fluctuated between $48.53 and $49.95 during the day, with a 52-week high of $51.12 and a low of $33.60. The company's market capitalization stands at approximately $48.73 billion, with a trading volume of 6,588,536 shares today.