The Goldman Sachs Group Raises GE Vernova (NYSE:GEV) Price Target to $570.00

GE Vernova (NYSE:GEVGet Free Report) had its target price upped by investment analysts at The Goldman Sachs Group from $500.00 to $570.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 18.08% from the company’s current price.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price target on GE Vernova from $430.00 to $460.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. TD Cowen decreased their price target on shares of GE Vernova from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Susquehanna reissued a “positive” rating and issued a $499.00 price target (up from $399.00) on shares of GE Vernova in a report on Wednesday, May 14th. Morgan Stanley reissued an “overweight” rating and issued a $422.00 price target (up from $400.00) on shares of GE Vernova in a report on Thursday, April 24th. Finally, New Street Research set a $380.00 target price on shares of GE Vernova in a research note on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $395.98.

View Our Latest Report on GE Vernova

GE Vernova Price Performance

Shares of NYSE GEV opened at $482.74 on Tuesday. The business’s 50-day moving average price is $400.27 and its two-hundred day moving average price is $363.37. GE Vernova has a one year low of $150.01 and a one year high of $500.72. The company has a market capitalization of $131.76 billion, a P/E ratio of 86.82, a price-to-earnings-growth ratio of 3.03 and a beta of 1.97.

GE Vernova (NYSE:GEVGet Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.37 by $0.54. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.56 billion. GE Vernova had a net margin of 4.44% and a return on equity of 6.70%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.47) earnings per share. On average, equities analysts anticipate that GE Vernova will post 6.59 EPS for the current year.

Institutional Trading of GE Vernova

A number of institutional investors and hedge funds have recently modified their holdings of GEV. BROOKFIELD Corp ON increased its position in shares of GE Vernova by 0.3% in the 1st quarter. BROOKFIELD Corp ON now owns 10,564 shares of the company’s stock valued at $3,225,000 after buying an additional 35 shares in the last quarter. 1248 Management LLC bought a new stake in shares of GE Vernova during the first quarter worth $31,000. First Hawaiian Bank bought a new position in GE Vernova during the 1st quarter worth about $341,000. Modern Wealth Management LLC increased its holdings in GE Vernova by 33.1% during the 1st quarter. Modern Wealth Management LLC now owns 2,296 shares of the company’s stock worth $701,000 after purchasing an additional 571 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of GE Vernova during the first quarter worth about $51,894,000.

About GE Vernova

(Get Free Report)

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.

See Also

Analyst Recommendations for GE Vernova (NYSE:GEV)

Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.