GE Vernova (NYSE:GEV) Price Target Raised to $330.00

GE Vernova (NYSE:GEV) had its price objective lifted by JPMorgan Chase & Co. from $285.00 to $330.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also issued reports on GEV. Jefferies Financial Group boosted their target price on shares of GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Oppenheimer assumed coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. William Blair initiated coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Redburn Atlantic assumed coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $261.40.

GE Vernova Stock Performance

NYSE:GEV opened at $293.54 on Thursday. The business has a 50 day simple moving average of $235.14 and a 200 day simple moving average of $190.27. GE Vernova has a 12-month low of $115.00 and a 12-month high of $298.81.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 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. On average, equities research analysts predict that GE Vernova will post 2.65 EPS for the current year.

Institutional Investors Weigh In On GE Vernova

Large investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the 2nd quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in GE Vernova during the second quarter valued at about $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in shares of GE Vernova in the second quarter worth about $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.