JPMorgan Chase & Co. Forecasts Strong Price Appreciation for GE Vernova (NYSE:GEV) Stock

GE Vernova (NYSE:GEV) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $330.00 to $356.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 8.34% from the company’s previous close.

A number of other research analysts have also commented on GEV. Royal Bank of Canada raised their price objective on shares of GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. William Blair initiated coverage on shares of GE Vernova in a research note on Thursday, August 29th. They set an “outperform” rating for the company. Morgan Stanley lifted their target price on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. 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 equities research analysts have rated the stock with a hold rating, eighteen have issued 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 an average price target of $275.34.

GE Vernova Stock Performance

GEV stock traded down $8.96 during trading on Tuesday, hitting $328.58. The company had a trading volume of 774,025 shares, compared to its average volume of 3,453,004. The business has a 50 day moving average of $295.95 and a 200 day moving average of $221.35. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $357.09.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the stock. Mountaineer Partners Management LLC acquired a new position in GE Vernova in the 3rd quarter valued at approximately $2,507,296,000. Newport Trust Company LLC acquired a new position in shares of GE Vernova in the second quarter valued at $650,140,000. Bank of New York Mellon Corp bought a new position in GE Vernova in the second quarter worth $537,674,000. Marshall Wace LLP acquired a new stake in GE Vernova during the second quarter worth $399,770,000. Finally, Legal & General Group Plc bought a new stake in GE Vernova in the 2nd quarter valued at $293,699,000.

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.