GE Vernova (NYSE:GEV) Price Target Increased to $301.00 by Analysts at Morgan Stanley

by · The Cerbat Gem

GE Vernova (NYSE:GEV – Get Free Report) had its target price lifted by equities researchers at Morgan Stanley from $256.00 to $301.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 2.16% from the company’s previous close.

Other analysts also recently issued reports about the company. Royal Bank of Canada increased their price target on GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday. Mizuho increased their price objective on GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group increased their price objective on GE Vernova from $220.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Redburn Atlantic assumed coverage on GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective for the company. Finally, Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.21.

View Our Latest Analysis on GE Vernova

GE Vernova Stock Up 5.3 %

GEV stock traded up $14.77 during trading on Thursday, reaching $294.65. 2,187,693 shares of the stock were exchanged, compared to its average volume of 3,593,777. The firm’s 50 day moving average is $230.78 and its 200 day moving average is $187.97. GE Vernova has a twelve month low of $115.00 and a twelve month high of $296.69.

GE Vernova (NYSE:GEV – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, research analysts expect that GE Vernova will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

Large investors have recently added to or reduced their stakes in the company. Castleview Partners LLC purchased a new stake in GE Vernova during the third quarter valued at about $28,000. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova in the second quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova in the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in shares of GE Vernova in the second quarter worth about $25,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of GE Vernova in the second quarter worth about $26,000.

GE Vernova Company Profile

(Get Free Report)

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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