GE Vernova (NYSE:GEV) Coverage Initiated at BNP Paribas

Stock analysts at BNP Paribas initiated coverage on shares of GE Vernova (NYSE:GEV) in a report released on Wednesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $177.00 price target on the stock. BNP Paribas’ price objective suggests a potential upside of 30.85% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. upgraded shares of GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price target on the stock in a report on Monday, April 8th. Raymond James assumed coverage on shares of GE Vernova in a report on Wednesday. They set an “outperform” rating and a $160.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of GE Vernova in a report on Tuesday. They set a “buy” rating and a $154.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. Finally, Mizuho assumed coverage on shares of GE Vernova in a report on Monday. They issued a “buy” rating and a $154.00 price objective for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, GE Vernova presently has an average rating of “Buy” and a consensus price target of $157.67.

GE Vernova Stock Up 4.0 %

Shares of NYSE GEV traded up $5.20 during trading on Wednesday, hitting $135.27. The company had a trading volume of 4,988,259 shares, compared to its average volume of 8,121,972. GE Vernova has a 52 week low of $115.00 and a 52 week high of $152.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. acquired a new stake in shares of GE Vernova (NYSE:GEV) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,428 shares of the company’s stock, valued at approximately $1,720,000.

About GE Vernova

GE Vernova is an energy company which includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts.