GE Vernova (NYSE:GEV) PT Raised to $320.00 at Barclays

by · The Markets Daily

GE Vernova (NYSE:GEV – Free Report) had its target price upped by Barclays from $300.00 to $320.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages also recently issued reports on GEV. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. William Blair started coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Evercore ISI increased their price target on shares of GE Vernova from $285.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group lifted their price objective on shares of GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley increased their target price on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Seven equities research 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $261.40.

View Our Latest Report on GE Vernova

GE Vernova Stock Performance

NYSE GEV opened at $293.54 on Thursday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $298.81. The company has a fifty day moving average of $235.14 and a 200 day moving average of $190.27.

GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, analysts predict that GE Vernova will post 2.65 EPS for the current year.

Institutional Investors Weigh In On GE Vernova

A number of hedge funds have recently modified their holdings of the business. Newport Trust Company LLC acquired a new position in GE Vernova during the second quarter worth about $650,140,000. Bank of New York Mellon Corp acquired a new position in shares of GE Vernova during the 2nd quarter worth approximately $537,674,000. Price T Rowe Associates Inc. MD acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $367,474,000. Marshall Wace LLP purchased a new stake in shares of GE Vernova in the second quarter valued at approximately $399,770,000. Finally, Legal & General Group Plc acquired a new stake in shares of GE Vernova in the second quarter valued at approximately $293,699,000.

About GE Vernova

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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.

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