GE Vernova (NYSE:GEV) Price Target Raised to $356.00

GE Vernova (NYSE:GEV) had its target price hoisted by JPMorgan Chase & Co. from $330.00 to $356.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on GEV. Jefferies Financial Group increased their price target on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI increased their price target on shares of GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating for the company. Guggenheim assumed coverage on shares of GE Vernova in a report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 target price for the company. Finally, William Blair assumed coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average target price of $294.19.

GE Vernova Price Performance

NYSE GEV opened at $348.17 on Tuesday. GE Vernova has a 52-week low of $115.00 and a 52-week high of $357.09. The firm has a 50-day moving average price of $302.91 and a 200 day moving average price of $225.45.

Institutional Trading of GE Vernova

A number of hedge funds have recently bought and sold shares of GEV. Mountaineer Partners Management LLC acquired a new stake in GE Vernova during the third quarter worth approximately $2,507,296,000. Newport Trust Company LLC acquired a new stake in GE Vernova during the second quarter worth approximately $650,140,000. Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter worth approximately $537,674,000. Marshall Wace LLP acquired a new stake in GE Vernova during the second quarter worth approximately $399,770,000. Finally, Legal & General Group Plc acquired a new stake in GE Vernova during the second quarter worth approximately $293,699,000.

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.