Stifel Rates Cactus (WHD) buy, $68 Price Target

Stifel analyst Stephen Gengaro reaffirms a buy rating on Cactus, Inc., pointing to a $68 price target on June 16, 2026, a 25.21% upside from the current price.

By EarningsIQ Research Desk · Published Jun 17, 2026, 2:02 AM EDT · Updated Jun 23, 2026, 9:01 AM EDT

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Stifel rated Cactus, Inc. ($WHD) "buy" with a $68 price target on June 16, 2026.

Since the rating, $WHD is down 8.2% after 1 week, down 6.5% after 1 month and up 7.5% to date (from the $57.42 close on Jun 16, 2026).

WHD Cactus, Inc.

$61.71 +32.17% year to date

Daily close · Oct 16, 2026

Key Points

Stifel analyst Stephen Gengaro reiterated a buy rating on Cactus, Inc. WHD stock on June 16, 2026, setting a $68 price target.
Stifel's $68 price target implies 25.21% upside from Cactus, Inc.'s ($WHD) current $54.31 share price.
The oil and gas equipment firm trades near $54.31 with a forward P/E ratio of 18.6 and an annual dividend of $0.60 per share.
Wall Street analysts hold a consensus buy recommendation on the stock with a mean price target of $69.22 across nine opinions.

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Stifel Reaffirms Buy Rating on Cactus, Inc.

Stifel analyst Stephen Gengaro reiterated a buy rating on Cactus, Inc. (NYSE: WHD) on June 16, 2026, maintaining a price target of $68.00 for the oilfield equipment maker. The call reflects continued confidence in the company's pressure control and spoolable pipe technologies as energy producers navigate ongoing completion and production demands.

Where WHD Stock Trades Today

Cactus shares trade at $54.31, sitting well below their 52-week high of $74.07 and above their 52-week low of $33.20. The company carries a market capitalization of roughly $4.70 billion and a forward P/E ratio of 18.61 based on expected earnings. Its 50-day moving average stands at $65.19, while the 200-day moving average rests near $55.98.

12-month forecast

$WHD price target

Cactus, Inc. daily closes and this analyst's $68 target. Not advice.

Recent Earnings Performance

For its latest reporting period, Cactus posted $1.36 billion in revenue with a revenue growth rate of 64.3%. The firm generated earnings of $1.19 per share, supported by a net margin of 11.98% and a return on equity of 13.11%. The company is scheduled to report its next round of financial results on November 4, 2026.

Dividend Profile

Investors receive an annual dividend of $0.60 per share, giving the stock a dividend yield of 0.89%. That payout represents 47.06% of the company's earnings, leaving room for reinvestment in its Houston-based operations.

Wall Street Analyst Coverage

Analyst updates across the sector show steady backing for the equipment provider. On October 15, 2026, Barclays maintained an overweight rating while lifting its target to $75.00 from $74.00. Citigroup kept a neutral rating on September 30, 2026, with a $73.00 target, following an earlier adjustment to $75.00 in August. Piper Sandler previously maintained an overweight rating on July 14, 2026, with a $73.00 target. Across nine analyst opinions, the stock holds a consensus buy rating and a mean target price of $69.22, with targets ranging from a low of $57.00 to a high of $83.00.

Inside Cactus, Inc.

Headquartered in Houston, Texas, Cactus designs and manufactures wellheads, pressure control equipment, and spoolable pipes under brands like Cactus Wellhead and FlexSteel. These systems serve onshore unconventional oil and gas wells through drilling, completion, and production phases. The company employs roughly 1,500 workers across its manufacturing facilities and service yards.

What to Watch at Cactus, Inc.

Investors will look toward the company's upcoming earnings release on November 4, 2026, for further updates on segment margins and order rates. Market participants should also monitor subsequent analyst revisions and broader energy sector trends that influence oilfield service valuations.