GE Vernova (NYSE:GEV) PT Raised to $330.00

GE Vernova (NYSE:GEV) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $285.00 to $330.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 17.93% from the company’s previous close.

Several other research firms also recently weighed in on GEV. William Blair assumed coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised their price objective on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday. They set a “buy” rating and a $354.00 target price on the stock. Barclays lifted their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Guggenheim began coverage on GE Vernova in a report on Tuesday, September 24th. They set a “buy” rating and a $300.00 target price on the stock. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.88.

GE Vernova Trading Up 1.2 %

Shares of GEV opened at $279.83 on Thursday. GE Vernova has a 52-week low of $115.00 and a 52-week high of $282.97. The business’s fifty day moving average is $230.78 and its 200-day moving average is $187.97.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Research analysts forecast that GE Vernova will post 3.21 earnings per share for the current year.

Hedge Funds Weigh In On GE Vernova

Institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors lifted its stake in GE Vernova by 1,277.0% in the third quarter. Arkadios Wealth Advisors now owns 18,576 shares of the company’s stock valued at $4,737,000 after purchasing an additional 17,227 shares during the last quarter. Forsta AP Fonden lifted its stake in GE Vernova by 12.6% in the third quarter. Forsta AP Fonden now owns 57,131 shares of the company’s stock valued at $14,567,000 after purchasing an additional 6,400 shares during the last quarter. CWC Advisors LLC. purchased a new position in GE Vernova in the third quarter valued at approximately $468,000. Burford Brothers Inc. lifted its stake in GE Vernova by 6.2% in the third quarter. Burford Brothers Inc. now owns 3,099 shares of the company’s stock valued at $790,000 after purchasing an additional 180 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its stake in GE Vernova by 7.0% in the third quarter. Cromwell Holdings LLC now owns 814 shares of the company’s stock valued at $208,000 after purchasing an additional 53 shares during the last quarter.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.