GE Vernova (NYSE:GEV) PT Raised to $308.00 at The Goldman Sachs Group

GE Vernova (NYSE:GEV) had its target price upped by stock analysts at The Goldman Sachs Group from $220.00 to $308.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 15.40% from the stock’s previous close.

GEV has been the topic of a number of other reports. HSBC restated a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Royal Bank of Canada raised their target price on shares of GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $300.00 in a research report on Tuesday, September 17th. Guggenheim assumed coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned 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 $241.63.

GE Vernova Trading Up 0.9 %

NYSE:GEV opened at $266.89 on Thursday. The business’s 50-day moving average price is $214.80. GE Vernova has a 52-week low of $115.00 and a 52-week high of $270.11.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. Sell-side analysts anticipate that GE Vernova will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Institutional investors have recently bought and sold shares of the stock. Anderson Hoagland & Co. acquired a new stake in GE Vernova in the 1st quarter worth approximately $1,720,000. Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova in the first quarter worth $2,892,000. Boit C F David bought a new stake in shares of GE Vernova during the 1st quarter worth $149,000. ANTIPODES PARTNERS Ltd acquired a new position in GE Vernova in the 1st quarter valued at $30,000. Finally, Nwam LLC bought a new position in GE Vernova in the 1st quarter worth $1,531,000.

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.