GE Vernova (NYSE:GEV) PT Raised to $220.00

GE Vernova (NYSE:GEV) had its price target hoisted by analysts at The Goldman Sachs Group from $196.00 to $220.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 29.02% from the company’s current price.

Other analysts have also recently issued reports about the company. BNP Paribas began coverage on GE Vernova in a research report on Wednesday, April 17th. They issued an “outperform” rating and a $177.00 price objective for the company. Citigroup initiated coverage on GE Vernova in a research report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price objective for the company. Argus initiated coverage on GE Vernova in a research report on Thursday, June 13th. They set a “buy” rating and a $190.00 price target for the company. JPMorgan Chase & Co. boosted their price target on GE Vernova from $195.00 to $216.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Redburn Atlantic initiated coverage on GE Vernova in a report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 target price for the company. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.11.

GE Vernova Stock Up 6.6 %

Shares of GE Vernova stock traded up $10.51 on Friday, reaching $170.51. 1,484,861 shares of the stock were exchanged, compared to its average volume of 4,196,923. GE Vernova has a twelve month low of $115.00 and a twelve month high of $185.50. The company has a 50 day simple moving average of $171.50.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.56 billion. Research analysts anticipate that GE Vernova will post 3.03 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Several hedge funds have recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $26,000. Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $27,000. Gradient Investments LLC purchased a new stake in GE Vernova during the 2nd quarter worth about $27,000. First Community Trust NA purchased a new position in shares of GE Vernova in the 2nd quarter valued at about $29,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of GE Vernova in the 1st quarter valued at about $30,000.

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.