GE Vernova (NYSE:GEV) PT Raised to $285.00 at JPMorgan Chase & Co.

GE Vernova (NYSE:GEV) had its price objective lifted by analysts at JPMorgan Chase & Co. from $240.00 to $285.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.90% from the company’s current price.

Several other analysts also recently commented on GEV. Truist Financial initiated coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price for the company. William Blair initiated coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $300.00 in a report on Tuesday, September 17th. Royal Bank of Canada boosted their target price on GE Vernova from $192.00 to $246.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group increased their price target on GE Vernova from $196.00 to $220.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $237.23.

GE Vernova Price Performance

Shares of GE Vernova stock traded up $2.33 during trading on Wednesday, hitting $266.60. The stock had a trading volume of 1,890,556 shares, compared to its average volume of 3,694,498. GE Vernova has a 1 year low of $115.00 and a 1 year high of $269.30. The stock’s 50 day simple moving average is $209.19.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. On average, analysts expect that GE Vernova will post 2.83 EPS for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

A number of institutional investors have recently made changes to their positions in GEV. Anderson Hoagland & Co. bought a new position in GE Vernova during the first quarter worth about $1,720,000. Maryland State Retirement & Pension System acquired a new position in GE Vernova during the first quarter valued at approximately $2,892,000. Boit C F David bought a new stake in GE Vernova in the first quarter valued at approximately $149,000. ANTIPODES PARTNERS Ltd acquired a new stake in GE Vernova in the first quarter worth $30,000. Finally, Nwam LLC bought a new position in shares of GE Vernova during the first quarter worth $1,531,000.

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.