GE Vernova (NYSE:GEV) Price Target Raised to $330.00 at JPMorgan Chase & Co.

GE Vernova (NYSE:GEV) had its target price lifted by JPMorgan Chase & Co. from $285.00 to $330.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. Redburn Atlantic started coverage on GE Vernova in a research note on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price on the stock. Truist Financial initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on GE Vernova in a report on Monday. They issued a “buy” rating and a $354.00 price target for the company. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $300.00 in a research report on Tuesday, September 17th. Finally, Evercore ISI upped their target price on GE Vernova from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Trading Down 0.9 %

Shares of GEV stock traded down $2.76 on Thursday, reaching $294.24. The company’s stock had a trading volume of 316,500 shares, compared to its average volume of 3,581,671. GE Vernova has a 1 year low of $115.00 and a 1 year high of $298.59. The stock’s fifty day simple moving average is $230.78 and its 200-day simple moving average is $187.97.

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

Institutional Trading of GE Vernova

Several hedge funds have recently made changes to their positions in GEV. Castleview Partners LLC acquired a new stake in GE Vernova in the third quarter valued at about $28,000. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova during the second quarter worth $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova in the second quarter worth $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova in the second quarter valued at $25,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova during the 2nd quarter worth $26,000.

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.