GE Vernova (NYSE:GEV) Price Target Raised to $301.00 at Morgan Stanley

GE Vernova (NYSE:GEV) had its price objective upped by stock analysts at Morgan Stanley from $256.00 to $301.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 2.56% from the stock’s current price.

A number of other brokerages have also weighed in on GEV. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a research report on Monday, October 21st. They issued a “buy” rating and a $354.00 target price for the company. William Blair initiated coverage on shares of GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Jefferies Financial Group upped their price target on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Evercore ISI upped their price target on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets upped their price target 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. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $293.50 on Thursday. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $298.81. The business has a 50-day simple moving average of $232.95 and a two-hundred day simple moving average of $188.73.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC purchased a new stake in GE Vernova during the 2nd quarter valued at $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the 2nd quarter valued at $27,000.

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.