GE Vernova (NYSE:GEV) Given New $195.00 Price Target at JPMorgan Chase & Co.

GE Vernova (NYSE:GEV) had its target price raised by JPMorgan Chase & Co. from $186.00 to $195.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also commented on GEV. The Goldman Sachs Group boosted their price objective on GE Vernova from $172.00 to $196.00 and gave the stock a buy rating in a report on Wednesday, July 10th. Argus started coverage on GE Vernova in a research note on Thursday, June 13th. They issued a buy rating and a $190.00 target price on the stock. Raymond James started coverage on GE Vernova in a research note on Wednesday, April 17th. They issued an outperform rating and a $160.00 target price on the stock. Evercore ISI started coverage on GE Vernova in a research note on Thursday, April 18th. They issued an outperform rating and a $174.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on GE Vernova from $160.00 to $180.00 and gave the stock an outperform rating in a research note on Thursday, May 30th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GE Vernova presently has an average rating of Moderate Buy and an average target price of $175.89.

GE Vernova Price Performance

Shares of GEV opened at $161.49 on Tuesday. The business’s 50 day moving average is $171.60. GE Vernova has a 52 week low of $115.00 and a 52 week high of $185.50.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Analysts expect that GE Vernova will post 3.03 EPS for the current year.

Institutional Investors Weigh In On GE Vernova

Several institutional investors have recently made changes to their positions in the stock. Davis Investment Partners LLC purchased a new stake in shares of GE Vernova during the second quarter worth $213,000. 1858 Wealth Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth $1,756,000. Gradient Investments LLC purchased a new stake in shares of GE Vernova during the second quarter worth $27,000. Timber Creek Capital Management LLC purchased a new stake in shares of GE Vernova during the second quarter worth $27,000. Finally, Brookstone Capital Management purchased a new stake in shares of GE Vernova during the second quarter worth $629,000.

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.