Evercore ISI Raises GE Vernova (NYSE:GEV) Price Target to $300.00

GE Vernova (NYSE:GEV) had its target price increased by Evercore ISI from $285.00 to $300.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Barclays increased their price objective on GE Vernova from $250.00 to $300.00 and gave the stock an overweight rating in a research report on Wednesday. Citigroup assumed coverage on GE Vernova in a research note on Tuesday, June 11th. They set a neutral rating and a $183.00 price target for the company. Truist Financial began coverage on GE Vernova in a research report on Thursday, September 26th. They issued a buy rating and a $300.00 target price for the company. Hsbc Global Res upgraded shares of GE Vernova to a strong-buy rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group lifted their price target on shares of GE Vernova from $261.00 to $293.00 and gave the stock a buy rating in a research note on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, GE Vernova has a consensus rating of Moderate Buy and an average price target of $234.98.

GE Vernova Trading Up 4.3 %

NYSE GEV opened at $265.59 on Thursday. The business’s fifty day simple moving average is $205.35. GE Vernova has a one year low of $115.00 and a one year high of $266.42.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate 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. As a group, sell-side analysts forecast that GE Vernova will post 2.83 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deseret Mutual Benefit Administrators purchased a new position in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC purchased a new position in GE Vernova during the second quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC purchased a new stake in shares of GE Vernova in the 2nd quarter worth about $26,000. Finally, Gradient Investments LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $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.