# TechnipFMC Shares Rise as UBS Initiates Coverage with Buy Rating and $89 Target

- URL: https://stocks.freetheai.org/news/technipfmc-shares-rise-as-ubs-initiates-coverage-with-buy-rating-and-89-target-4baf31
- Published: 2026-10-13T18:59:03Z
- Category: analyst_ratings; sentiment: bullish; impact: medium
- Symbols: [NYSE:FTI](https://stocks.freetheai.org/symbols/NYSE-FTI)
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TechnipFMC plc (NYSE:FTI) shares rose about 1.1% to $70.49 on Tuesday following new research coverage from UBS, which assigned the stock a Buy rating alongside an $89 price target. The positive outlook comes as the subsea equipment and service provider benefits from an expanding market for offshore energy projects.

The upbeat assessment relies on expected expansion in offshore deepwater activity and the transition of high-margin Subsea 2.0 backlogs into realized revenue. Annual Subsea orders are projected to top $11 billion by fiscal year 2027. Furthermore, earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to reach $2.77 billion for fiscal year 2028, representing a 5% premium over broader market consensus estimates.

While TechnipFMC stock has advanced more than 50% year-to-date, the industrialization strategy is expected to drive operational progress for several more years. Investors will watch how the company executes on its expanded iEPCI 2.0 offerings and whether future EBITDA figures align with higher forecasts compared to current market expectations of $2.25 billion to $2.5 billion.

## Key points

- UBS started coverage of TechnipFMC (NYSE:FTI) with a Buy rating and an $89 price target.
- TechnipFMC shares rose 1.1% on Tuesday to $70.49 and have gained over 50% year-to-date.
- Subsea order volume is forecasted to surpass $11 billion by fiscal year 2027.
- The fiscal year 2028 EBITDA forecast of $2.77 billion sits 5% above Wall Street consensus.

## Questions and answers

### Why did TechnipFMC stock go up?

TechnipFMC stock rose after UBS initiated coverage with a Buy rating and an $89 price target, highlighting strong offshore growth potential and order backlog conversions.

### What is the price target for TechnipFMC?

UBS set an $89 price target for TechnipFMC alongside a Buy rating, driven by an expanding offshore cycle.

### What are the financial forecasts for TechnipFMC?

Forecasts include Subsea orders exceeding $11 billion for FY 2027 and FY 2028 EBITDA reaching $2.77 billion, which is 5% above Wall Street consensus.