Truist Financial Issues Positive Forecast for GE Vernova (NYSE:GEV) Stock Price

GE Vernova (NYSE:GEV) had its price target boosted by analysts at Truist Financial from $325.00 to $400.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 23.30% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. HSBC restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Jefferies Financial Group lifted their target price on GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley upped their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America increased their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Oppenheimer began coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $304.73.

GE Vernova Stock Down 3.2 %

GE Vernova stock traded down $10.84 during trading on Tuesday, reaching $324.41. The stock had a trading volume of 1,048,132 shares, compared to its average volume of 3,420,866. GE Vernova has a 52-week low of $115.00 and a 52-week high of $357.09. The business has a 50 day moving average price of $306.45 and a 200 day moving average price of $228.84.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently bought and sold shares of GEV. Dynamic Advisor Solutions LLC bought a new position in GE Vernova in the 2nd quarter worth about $817,000. Diversified Trust Co bought a new position in GE Vernova in the 2nd quarter worth approximately $279,000. Wealth Enhancement Advisory Services LLC bought a new stake in GE Vernova during the 2nd quarter valued at $20,035,000. Great Valley Advisor Group Inc. acquired a new position in GE Vernova during the 2nd quarter worth $486,000. Finally, V Square Quantitative Management LLC bought a new position in shares of GE Vernova in the second quarter worth $390,000.

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.