Brokerages Set GE Vernova Inc. (NYSE:GEV) Target Price at $274.16

Shares of GE Vernova Inc. (NYSE:GEV) have earned an average rating of “Moderate Buy” from the twenty-six analysts that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $274.16.

GEV has been the topic of several research reports. Oppenheimer assumed coverage on shares of GE Vernova in a report on Thursday, September 26th. They set a “market perform” rating on the stock. Evercore ISI increased their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their price objective on GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley increased their target price on GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Guggenheim began coverage on shares of GE Vernova in a research report on Tuesday, September 24th. They issued a “buy” rating and a $300.00 price target for the company.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new stake in shares of GE Vernova during the 3rd quarter valued at about $2,507,296,000. Newport Trust Company LLC bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $650,140,000. Bank of New York Mellon Corp bought a new stake in shares of GE Vernova in the 2nd quarter valued at approximately $537,674,000. Marshall Wace LLP bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $399,770,000. Finally, Legal & General Group Plc bought a new position in shares of GE Vernova during the 2nd quarter valued at approximately $293,699,000.

GE Vernova Price Performance

GEV stock opened at $334.12 on Thursday. The stock has a 50-day moving average price of $295.95 and a 200-day moving average price of $220.98. GE Vernova has a 1-year low of $115.00 and a 1-year high of $357.09.

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.