Raymond James Initiates Coverage on GE Vernova (NYSE:GEV)

Raymond James began coverage on shares of GE Vernova (NYSE:GEV) in a research report issued on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $160.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 16.60% from the stock’s previous close.

GEV has been the subject of several other reports. Mizuho began coverage on shares of GE Vernova in a report on Monday. They set a “buy” rating and a $154.00 target price for the company. JPMorgan Chase & Co. raised shares of GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price for the company in a report on Monday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 target price on shares of GE Vernova in a report on Friday, April 12th. Finally, The Goldman Sachs Group began coverage on shares of GE Vernova in a research note on Tuesday. They issued a “buy” rating and a $154.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $160.00.

GE Vernova Stock Performance

NYSE:GEV opened at $137.22 on Wednesday. GE Vernova has a 1-year low of $115.00 and a 1-year high of $152.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,428 shares of the company’s stock, valued at approximately $1,720,000.

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.