GE Vernova Inc. (NYSE:GEV) Receives $152.25 Consensus Target Price from Analysts

Shares of GE Vernova Inc. (NYSE:GEV) have earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $158.38.

GEV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price objective on the stock in a research note on Monday, April 8th. Evercore ISI initiated coverage on GE Vernova in a research note on Thursday, April 18th. They issued an “outperform” rating and a $174.00 price objective on the stock. BNP Paribas began coverage on GE Vernova in a research note on Wednesday, April 17th. They issued an “outperform” rating and a $177.00 price objective on the stock. The Goldman Sachs Group began coverage on GE Vernova in a research report on Tuesday, April 16th. They issued a “buy” rating and a $154.00 target price for the company. Finally, Melius began coverage on GE Vernova in a research report on Monday. They issued a “hold” rating and a $147.00 target price for the company.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $147.82 on Wednesday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $152.48.

Institutional Trading of GE Vernova

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in GE Vernova during the 1st quarter worth approximately $478,000. Anderson Hoagland & Co. bought a new stake in GE Vernova during the 1st quarter worth approximately $1,720,000. Finally, Maryland State Retirement & Pension System bought a new stake in GE Vernova during the 1st quarter worth approximately $2,892,000.

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.