The Goldman Sachs Group Initiates Coverage on GE Vernova (NYSE:GEV)

Research analysts at The Goldman Sachs Group initiated coverage on shares of GE Vernova (NYSE:GEV) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $154.00 price target on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 14.33% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price target on shares of GE Vernova in a research note on Friday, April 12th. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price target for the company in a research note on Monday, April 8th. Finally, Mizuho assumed coverage on GE Vernova in a research note on Monday. They issued a “buy” rating and a $154.00 price target for the company. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $157.67.

GE Vernova Trading Up 3.6 %

NYSE:GEV opened at $134.70 on Tuesday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $152.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. bought a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,428 shares of the company’s stock, valued at approximately $1,720,000.

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.