GE Vernova (NYSE:GEV) PT Raised to $323.00 at Evercore ISI

GE Vernova (NYSE:GEV) had its price target lifted by equities research analysts at Evercore ISI from $300.00 to $323.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 10.05% from the stock’s current price.

Several other research firms have also issued reports on GEV. Hsbc Global Res lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Redburn Atlantic began coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Performance

GE Vernova stock opened at $293.50 on Thursday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $298.81. The firm’s 50 day moving average price is $232.95 and its two-hundred day moving average price is $188.73.

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

Institutional Investors Weigh In On GE Vernova

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

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.