The Goldman Sachs Group Boosts GE Vernova (NYSE:GEV) Price Target to $308.00

GE Vernova (NYSE:GEV) had its target price hoisted by The Goldman Sachs Group from $220.00 to $308.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. HSBC reiterated a hold rating and set a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Redburn Atlantic initiated coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They issued a neutral rating and a $178.00 price objective for the company. William Blair assumed coverage on GE Vernova in a research note on Thursday, August 29th. They issued an outperform rating for the company. Evercore ISI lifted their price objective on GE Vernova from $285.00 to $300.00 and gave the company an outperform rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada increased 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. 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, GE Vernova currently has a consensus rating of Moderate Buy and a consensus price target of $241.63.

GE Vernova Stock Up 0.9 %

Shares of GEV stock opened at $266.89 on Thursday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $270.11. The business’s 50-day moving average is $214.80.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. On average, research analysts forecast that GE Vernova will post 3.21 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC raised its stake in shares of GE Vernova by 1.8% during the third quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock valued at $706,000 after acquiring an additional 48 shares during the last quarter. Merrion Investment Management Co LLC lifted its holdings in GE Vernova by 0.8% during the 3rd quarter. Merrion Investment Management Co LLC now owns 6,250 shares of the company’s stock worth $1,594,000 after buying an additional 50 shares during the period. Parisi Gray Wealth Management grew its position in shares of GE Vernova by 3.5% in the 3rd quarter. Parisi Gray Wealth Management now owns 1,492 shares of the company’s stock valued at $380,000 after buying an additional 51 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of GE Vernova by 1.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,555 shares of the company’s stock valued at $650,000 after buying an additional 61 shares during the period. Finally, Stonehearth Capital Management LLC raised its position in shares of GE Vernova by 6.1% during the third quarter. Stonehearth Capital Management LLC now owns 1,474 shares of the company’s stock worth $376,000 after acquiring an additional 85 shares during the last quarter.

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.