GE Vernova (NYSE:GEV) Price Target Raised to $367.00 at Morgan Stanley

GE Vernova (NYSE:GEV) had its price target hoisted by Morgan Stanley from $301.00 to $367.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 11.29% from the company’s current price.

A number of other research firms have also recently weighed in on GEV. Bank of America upped their price target on GE Vernova from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI upped their target price on shares of GE Vernova from $300.00 to $323.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays lifted their price target on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Hsbc Global Res cut shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Oppenheimer began coverage on GE Vernova in a research report on Thursday, September 26th. They set a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.55.

GE Vernova Stock Up 1.1 %

Shares of NYSE GEV opened at $329.76 on Friday. GE Vernova has a 1-year low of $115.00 and a 1-year high of $349.79. The business has a 50-day moving average of $273.49 and a 200-day moving average of $208.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GEV. Deseret Mutual Benefit Administrators bought a new position in GE Vernova in the second quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter valued at approximately $26,000. Finally, Timber Creek Capital Management LLC bought a new position in GE Vernova during the 2nd 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.