GE Vernova (NYSE:GEV) Price Target Raised to $323.00 at Evercore ISI

GE Vernova (NYSE:GEV) had its price target upped by analysts at Evercore ISI from $300.00 to $323.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target indicates a potential upside of 10.03% from the stock’s current price.

GEV has been the topic of several other research reports. Oppenheimer assumed coverage on GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $262.00 price objective on shares of GE Vernova in a research report on Friday, October 18th. Guggenheim assumed coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target on the stock. HSBC reiterated a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research report on Monday. They issued a “buy” rating and a $354.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.98.

GE Vernova Stock Performance

GEV traded up $13.67 during trading hours on Thursday, hitting $293.55. 1,475,981 shares of the company’s stock were exchanged, compared to its average volume of 3,589,350. GE Vernova has a 1-year low of $115.00 and a 1-year high of $296.69. The stock’s 50-day moving average is $230.78 and its two-hundred day moving average is $187.97.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Research analysts forecast that GE Vernova will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

A number of hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in GE Vernova by 0.9% during the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after acquiring an additional 40 shares during the period. Whittier Trust Co. boosted its position in shares of GE Vernova by 1.9% during the 3rd quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock valued at $537,000 after purchasing an additional 40 shares in the last quarter. First Bancorp Inc ME grew its stake in GE Vernova by 3.1% during the third quarter. First Bancorp Inc ME now owns 1,450 shares of the company’s stock worth $370,000 after purchasing an additional 44 shares during the period. Plimoth Trust Co. LLC boosted its holdings in shares of GE Vernova by 1.4% during the 3rd quarter. Plimoth Trust Co. LLC now owns 3,279 shares of the company’s stock worth $836,000 after buying an additional 44 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of GE Vernova by 1.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 2,768 shares of the company’s stock worth $706,000 after buying an additional 48 shares in 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.