GE Vernova (NYSE:GEV) Price Target Raised to $376.00

GE Vernova (NYSE:GEV) had its price objective raised by analysts at Royal Bank of Canada from $285.00 to $376.00 in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 9.59% from the company’s current price.

Several other analysts also recently commented on GEV. HSBC reaffirmed a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. Truist Financial increased their price target on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company assumed coverage on GE Vernova in a report on Thursday. They issued an “overweight” rating and a $385.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.16.

GE Vernova Stock Performance

Shares of GEV stock traded down $6.06 on Monday, reaching $343.10. The company had a trading volume of 329,982 shares, compared to its average volume of 3,472,467. The company has a 50-day moving average of $286.37 and a 200-day moving average of $215.41. GE Vernova has a 12 month low of $115.00 and a 12 month high of $357.09.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds have recently bought and sold shares of GEV. Yaupon Capital Management LP purchased a new position in shares of GE Vernova during the 1st quarter valued at about $10,256,000. Kozak & Associates Inc. purchased a new stake in GE Vernova in the 1st quarter worth about $115,000. LRI Investments LLC bought a new stake in shares of GE Vernova during the 1st quarter worth approximately $63,000. Spear Holdings RSC Ltd bought a new stake in shares of GE Vernova during the first quarter worth $8,615,000. Finally, Cacti Asset Management LLC purchased a new stake in GE Vernova in the 1st quarter valued at about $798,000.

About GE Vernova

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.