Goldman Sachs Initiates Buy Rating on Viridien Amid Industry Recovery

Goldman Sachs has initiated coverage of Viridien with a Buy rating, citing the company's repositioning as a technology-led geoscience franchise.

The analyst Michele Della Vigna noted that the market underappreciates the quality of Viridien's geoscience franchise and its earnings leverage in a seismic upcycle.

Goldman Sachs forecasts an 8% compound annual growth rate in cash flow from operations, excluding working capital, from 2026 to 2030.

The analyst highlighted subsurface imaging as the key driver of its rating, with Viridien holding more than 50% global market share and a rising share since 2020.