GE Vernova (NYSE:GEV) Given New $293.00 Price Target at Jefferies Financial Group

GE Vernova (NYSE:GEV) had its price objective upped by investment analysts at Jefferies Financial Group from $261.00 to $293.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 19.37% from the company’s current price.

A number of other research firms also recently weighed in on GEV. Mizuho increased their price target on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Daiwa America raised GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Argus assumed coverage on GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective on the stock. Daiwa Capital Markets assumed coverage on GE Vernova in a research note on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on GE Vernova from $216.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned 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 price target of $219.42.

GE Vernova Stock Performance

NYSE GEV opened at $245.46 on Friday. GE Vernova has a one year low of $115.00 and a one year high of $250.85. The stock’s 50 day simple moving average is $188.08.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Analysts forecast that GE Vernova will post 3.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

Several hedge funds have recently bought and sold shares of GEV. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the second quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new stake in GE Vernova during the second quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new stake in GE Vernova during the second quarter worth approximately $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.