Citi and Barclays Lift Cactus Price Targets to $63 and $62
Citi raised Cactus, Inc.’s price target to $63 from $55 and Barclays lifted it to $62 from $56, both maintaining bullish ratings. Fiscal Q4 revenue reached $261.2 million, operating income was $59.9 million, net income $48.3 million and diluted EPS $0.57 (adjusted EPS $0.65).
1. Analysts Increase Price Targets
Citi raised its price target for Cactus, Inc. to $63 from $55 on March 3 and maintained a Buy rating, while Barclays lifted its target to $62 from $56 on March 2 and reaffirmed an Overweight stance. Both firms cited the recent selloff as an overreaction to demand timing in the new International Pressure Control segment.
2. Fiscal Q4 Performance
In fiscal Q4 2025, Cactus generated $261.2 million in revenue and $59.9 million in operating income. Net income for the quarter reached $48.3 million, translating to diluted earnings per share of $0.57, with adjusted EPS of $0.65 reflecting one-time items.
3. Business Segments Overview
Cactus operates through two main segments: Pressure Control, which designs and manufactures engineered pressure control equipment, and Spoolable Technologies, which produces and rents spoolable pipe systems. These segments service onshore and offshore oil and gas markets with customized solutions.
4. International Growth Prospects
Analysts highlight significant opportunity in Cactus’s International Pressure Control business, particularly in the Middle East, where infrastructure investment and onshore drilling projects are expected to drive demand over the next several years.