GE Vernova (NYSE:GEV) Price Target Increased to $336.00 by Analysts at Jefferies Financial Group

GE Vernova (NYSE:GEV) had its price target boosted by Jefferies Financial Group from $293.00 to $336.00 in a research report report published on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Truist Financial began coverage on shares of GE Vernova in a research report on Thursday, September 26th. They issued a “buy” rating and a $300.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $262.00 price objective on shares of GE Vernova in a research note on Friday. Daiwa America upgraded shares of GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Redburn Atlantic began coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of GE Vernova from $220.00 to $256.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $246.73.

GE Vernova Price Performance

GEV opened at $272.92 on Friday. The company has a 50-day moving average of $224.93 and a 200-day moving average of $184.85. GE Vernova has a 1-year low of $115.00 and a 1-year high of $281.37.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, sell-side analysts anticipate that GE Vernova will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

Several hedge funds and other institutional investors have recently bought and sold shares of GEV. Deseret Mutual Benefit Administrators bought a new position in shares of GE Vernova during the 2nd quarter valued at about $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova during the second quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova in the second quarter worth approximately $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova in the second quarter valued at $26,000. Finally, Gradient Investments LLC acquired a new stake in shares of GE Vernova during the 2nd quarter valued at $27,000.

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.