Evercore ISI Raises GE Vernova (NYSE:GEV) Price Target to $323.00

GE Vernova (NYSE:GEV) had its target price hoisted by Evercore ISI from $300.00 to $323.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Mizuho increased their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. BMO Capital Markets boosted their price objective on GE Vernova from $245.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Guggenheim initiated coverage on GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Raymond James lowered GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, William Blair started coverage on shares of GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

GE Vernova Stock Performance

GEV stock opened at $293.54 on Thursday. The business has a fifty day simple moving average of $235.14 and a 200-day simple moving average of $190.27. GE Vernova has a 52 week low of $115.00 and a 52 week high of $298.81.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. Research analysts expect that GE Vernova will post 2.65 EPS for the current year.

Institutional Trading of GE Vernova

Several institutional investors have recently added to or reduced their stakes in GEV. Deseret Mutual Benefit Administrators acquired a new position in shares of GE Vernova in the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC acquired a new position in GE Vernova in the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in GE Vernova during the 2nd quarter valued at approximately $27,000.

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.