GE Vernova (NYSE:GEV) PT Raised to $285.00

GE Vernova (NYSE:GEV) had its target price raised by analysts at JPMorgan Chase & Co. from $240.00 to $285.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 7.70% from the company’s previous close.

GEV has been the topic of a number of other reports. The Goldman Sachs Group increased their price target on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. Jefferies Financial Group lifted their price objective on shares of GE Vernova from $261.00 to $293.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Daiwa America raised GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Finally, Raymond James cut GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.63.

GE Vernova Stock Performance

GEV opened at $264.62 on Wednesday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $269.30. The company has a fifty day moving average of $210.95.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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 firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts anticipate that GE Vernova will post 2.83 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

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