TechnipFMC

FTI · NYSE

$68.93−$0.93 (−1.33%)TodayMarket closed · Oct 20, 7:31 PM ET

Prev close $69.86

FTI analyst rating

BuyConsensus of 12 analysts over the last 12 months. 83% rate it a buy.

Strong buy0
Buy10
Hold2
Underperform0
Sell0

12-month price target · 22 analysts

Average $77.26 (+12.1% upside)

Low: $45.45
Now: $68.93
High: $91.35

Upgrades and downgrades

The latest rating actions, newest first

FTI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 15, 2026	Maintains	Overweight	$87.00 → $86.00	54%
UBS	Oct 13, 2026	Initiates	Buy	$89.00	55%
Citigroup	Sep 15, 2026	Maintains	Buy	$80.00 → $85.00	48%
Susquehanna	Jul 8, 2026	Maintains	Positive	$90.00 → $85.00	56%
Citigroup	Jun 18, 2026	Maintains	Buy	$76.00 → $80.00	48%
Barclays	May 8, 2026	Maintains	Overweight	$70.00 → $87.00	54%
RBC Capital	May 1, 2026	Maintains	Outperform	$78.00 → $80.00	83%
Barclays	May 1, 2026	Maintains	Overweight	$69.00 → $70.00	54%
Evercore ISI Group	May 1, 2026	Maintains	Outperform	$71.00 → $83.00	61%
Susquehanna	May 1, 2026	Maintains	Positive	$83.00 → $90.00	56%

The case for and against

Updated Jan 12, 2026

Bull case

TechnipFMC's stock outlook is supported by a record adjusted EBITDA margin of 21.8% in its Subsea division, reflecting a significant increase of 450 basis points quarter-over-quarter, alongside management's robust 2026 margin guidance of 20.5-22%. The company demonstrated strong financial performance with free cash flow of $261 million exceeding expectations, enabling management to raise its full-year 2025 target by 20% to a midpoint of $1.375 billion, while also committing to return over 70% of free cash flow to shareholders. Additionally, TechnipFMC's ability to differentiate its offerings is expected to enhance pricing power and further drive year-over-year margin improvement.

Bear case

TechnipFMC faces significant challenges that contribute to a negative outlook on its stock, primarily due to execution errors which negatively impact project margins and EBITDA margins for the group. The company's reliance on competitive bidding, despite its integrated service offerings, exposes it to pricing pressures and potential margin erosion, particularly given historical operational issues in offshore wind projects and certain geographical areas. These factors together highlight substantial risks to profitability and operational efficiency, raising concerns about the company's financial stability in the competitive offshore services market.

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