Reported 3 days ago
Bernstein analyst Guillaume Delaby has raised TechnipFMC's (NYSE:FTI) price target from $32 to $37 after the company reported impressive second-quarter results with $2.535 billion in revenue and $509 million in EBITDA. The analyst noted a 3-15% increase in EBITDA projections for 2025-2028, citing optimism for an additional $10 billion in subsea orders in 2026. TechnipFMC, which specializes in energy technologies and services and is advancing autonomous underwater operations through its Schilling Robotics business, is considered a strong investment in the robotics sector.
Source: YAHOO