Brokerages Set GE Vernova Inc. (NYSE:GEV) Target Price at $152.25

Shares of GE Vernova Inc. (NYSE:GEV) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $160.00.

Several equities research analysts recently weighed in on GEV shares. Evercore ISI started coverage on GE Vernova in a report on Thursday. They issued an “outperform” rating and a $174.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. Raymond James assumed coverage on GE Vernova in a report on Wednesday. They set an “outperform” rating and a $160.00 price target for the company. Mizuho assumed coverage on GE Vernova in a report on Monday, April 15th. They set a “buy” rating and a $154.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price target for the company in a report on Monday, April 8th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. purchased a new stake in GE Vernova Inc. (NYSE:GEV) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

GE Vernova Trading Down 1.5 %

GEV opened at $135.10 on Wednesday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $152.48.

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.