GE Vernova Inc. (NYSE:GEV) Receives $261.40 Average Target Price from Analysts

GE Vernova Inc. (NYSE:GEV) has earned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $261.40.

Several brokerages have weighed in on GEV. Mizuho lifted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Bank of America lifted their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their target price on shares of GE Vernova from $262.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Raymond James lowered shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Finally, Evercore ISI lifted their price target on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Thursday, October 24th.

Hedge Funds Weigh In On GE Vernova

Hedge funds and other institutional investors have recently bought and sold shares of the business. Souders Financial Advisors purchased a new stake in GE Vernova during the 3rd quarter worth approximately $313,000. Aptus Capital Advisors LLC boosted its stake in shares of GE Vernova by 13.2% in the third quarter. Aptus Capital Advisors LLC now owns 2,796 shares of the company’s stock valued at $713,000 after purchasing an additional 327 shares during the period. First Heartland Consultants Inc. purchased a new stake in shares of GE Vernova during the third quarter worth $285,000. Prime Capital Investment Advisors LLC grew its position in shares of GE Vernova by 1.5% during the third quarter. Prime Capital Investment Advisors LLC now owns 8,137 shares of the company’s stock worth $2,075,000 after buying an additional 120 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of GE Vernova by 703.3% in the 3rd quarter. Rakuten Securities Inc. now owns 723 shares of the company’s stock valued at $184,000 after purchasing an additional 633 shares during the last quarter.

GE Vernova Stock Up 6.8 %

GE Vernova stock opened at $315.58 on Friday. GE Vernova has a 1-year low of $115.00 and a 1-year high of $316.45. The company has a fifty day simple moving average of $251.31 and a 200 day simple moving average of $198.81.

About GE Vernova

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.