Brokerages Set GE Vernova Inc. (NYSE:GEV) Target Price at $274.16

GE Vernova Inc. (NYSE:GEV) has been given an average rating of “Moderate Buy” by the twenty-six brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $274.16.

A number of research analysts have issued reports on GEV shares. Bank of America raised their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price target for the company. BMO Capital Markets boosted their target price on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada lifted their price objective on GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a research note on Monday, November 25th.

Institutional Investors Weigh In On GE Vernova

Several institutional investors have recently bought and sold shares of the company. Castleview Partners LLC acquired a new stake in shares of GE Vernova in the third quarter worth approximately $28,000. Covestor Ltd grew its holdings in shares of GE Vernova by 61.3% during the third quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after buying an additional 46 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of GE Vernova in the third quarter worth about $31,000. Prestige Wealth Management Group LLC boosted its position in GE Vernova by 175.0% during the third quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares during the last quarter. Finally, Planning Capital Management Corp raised its holdings in GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after acquiring an additional 130 shares during the last quarter.

GE Vernova Trading Down 0.4 %

GEV stock opened at $334.12 on Thursday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $357.09. The firm has a 50 day moving average of $295.95 and a 200 day moving average of $220.98.

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.