GE Vernova (NYSE:GEV) Price Target Increased to $256.00 by Analysts at Morgan Stanley

GE Vernova (NYSE:GEV) had its price objective raised by Morgan Stanley from $220.00 to $256.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Redburn Atlantic started coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They issued a neutral rating and a $178.00 target price for the company. Daiwa Capital Markets started coverage on shares of GE Vernova in a report on Friday, June 21st. They issued an outperform rating and a $201.50 price objective for the company. Daiwa America raised shares of GE Vernova to a strong-buy rating in a report on Friday, June 21st. Jefferies Financial Group began coverage on GE Vernova in a research note on Wednesday, September 4th. They issued a buy rating and a $261.00 price target for the company. Finally, HSBC started coverage on GE Vernova in a research report on Monday, August 12th. They set a buy rating and a $215.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $203.03.

GE Vernova Price Performance

Shares of GEV stock opened at $226.01 on Friday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $228.68. The stock’s 50 day moving average is $181.89.

GE Vernova (NYSE:GEV) last announced its 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 the consensus estimate of $8.42 billion. On average, sell-side analysts anticipate that GE Vernova will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of GE Vernova during the second quarter worth $76,000. SS&H Financial Advisors Inc. bought a new stake in GE Vernova during the 2nd quarter worth $641,000. Prio Wealth Limited Partnership acquired a new position in GE Vernova in the 2nd quarter worth about $1,223,000. Sanctuary Advisors LLC bought a new position in GE Vernova in the second quarter valued at about $3,025,000. Finally, NCP Inc. acquired a new stake in shares of GE Vernova during the second quarter valued at about $108,000.

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.