SLB (NYSE:SLB) is one of the the best large-cap stocks to buy under $50. On February 1, Jefferies raised its price target for SLB from $51 to $58, while maintaining a buy rating. The company credits the stock’s recent gains to a recovery in valuation and notes that its current valuation remains attractive. In addition, Jefferies expects a better increase as the economic cycle improves.

In other news, on January 28, SLB secured two five-year contracts from Petroleum Development Oman/PDO to provide wellheads and artificial lift technologies for Block-6, which is Oman’s largest oil and gas concession. The agreement focuses on improving production efficiency and recovery rates by supplying electric submersible pumps, progressive cavity pumps and specialized wellhead systems. The deal also advances the value of the country, with SLB committed to expanding local manufacturing, including production of Oman-made gate valves within the first six months.

A day earlier, UBS analyst Josh Silverstein raised his price target on SLB ( NYSE:SLB ) from $50 to $61, while maintaining a buy rating.

SLB (NYSE:SLB) provides technology for the energy industry worldwide. It operates through four divisions: Digital and Integration, Reservoir Performance, Well Construction and Production Systems.

While we recognize SLB’s investment potential, we believe some AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 30 stocks that should double in 3 years i 11 Hidden AI Stocks to Buy Right Now.

Disclosure: no. This article is originally published in Monkey Insider.