Borr Drilling Limited (BORR) is forecasted to grow earnings and revenue by 45.6% and 13.3% per annum respectively, with an expected earnings per share (EPS) growth rate of 42.9% per annum1. This growth is expected to be driven by the company's focus on expanding its operations and securing new contracts in the offshore drilling sector. The company's financial health and performance have been improving, with a significant increase in net income and diluted EPS in the previous quarter2. BORR's stock price has been on an upward trend, with a 6-day winning streak as of the latest trading session, indicating positive market sentiment3. Analysts have set an average price target of $9.00, representing a 28.39% upside from the last price of $7.014. Given these forecasts and the company's recent performance, BORR appears to be in a strong position for future growth.
7/18/2024 04:10pm
