GE Vernova Inc. (NYSE:GEV – Get Free Report) hit a new 52-week high on Friday after Evercore ISI raised their price target on the stock from $285.00 to $300.00. Evercore ISI currently has an outperform rating on the stock. GE Vernova traded as high as $259.32 and last traded at $257.88, with a volume of 456006 shares changing hands. The stock had previously closed at $254.68.
Several other research analysts also recently commented on the stock. BMO Capital Markets assumed coverage on shares of GE Vernova in a research note on Friday, September 13th. They set an “outperform” rating and a $245.00 price target on the stock. Royal Bank of Canada lifted their target price on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 17th. Citigroup started coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target for the company. Redburn Atlantic assumed coverage on GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Finally, Barclays boosted their target price on GE Vernova from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $234.98.
View Our Latest Analysis on GEV
Institutional Investors Weigh In On GE Vernova
GE Vernova Stock Up 4.3 %
The business has a fifty day simple moving average of $205.35.
GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. Equities analysts expect that GE Vernova Inc. will post 2.83 earnings per share for the current fiscal year.
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.
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