Analysts Set GE Vernova Inc. (NYSE:GEV) Price Target at $203.03

Shares of GE Vernova Inc. (NYSE:GEV) have received an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $205.64.

Several equities analysts have recently issued reports on GEV shares. Morgan Stanley boosted their price objective on GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI boosted their price objective on GE Vernova from $202.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Daiwa Capital Markets initiated coverage on GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday.

Institutional Trading of GE Vernova

A number of hedge funds have recently modified their holdings of the business. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new stake in shares of GE Vernova during the second quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of GE Vernova during the second quarter worth $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth $27,000.

GE Vernova Price Performance

NYSE:GEV opened at $229.93 on Friday. The company’s 50 day moving average is $183.00. GE Vernova has a 52 week low of $115.00 and a 52 week high of $231.51.

GE Vernova (NYSE:GEV) last posted its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Equities research analysts anticipate that GE Vernova will post 3.02 EPS for the current year.

About GE Vernova

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.