JPMorgan Chase & Co. Increases GE Vernova (NYSE:GEV) Price Target to $330.00

GE Vernova (NYSE:GEV) had its price objective increased by JPMorgan Chase & Co. from $285.00 to $330.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently weighed in on GEV. Oppenheimer initiated coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating for the company. William Blair assumed coverage on GE Vernova in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Jefferies Financial Group raised their price objective on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Bank of America upgraded shares of GE Vernova from a “neutral” rating to a “buy” rating and upped their target price for the company from $200.00 to $300.00 in a research note on Tuesday, September 17th. Finally, Mizuho boosted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Trading Down 1.2 %

Shares of GEV opened at $293.54 on Thursday. GE Vernova has a one year low of $115.00 and a one year high of $298.81. The company’s fifty day moving average price is $235.14 and its 200 day moving average price is $190.64.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the company. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new stake in GE Vernova during the 2nd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova in the 2nd quarter valued at $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in shares of GE Vernova during the second quarter worth $27,000.

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.