JPMorgan Chase & Co. Raises GE Vernova (NYSE:GEV) Price Target to $176.00

GE Vernova (NYSE:GEV) had its price objective increased by analysts at JPMorgan Chase & Co. from $163.00 to $176.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.30% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Evercore ISI assumed coverage on GE Vernova in a report on Thursday, April 18th. They set an “outperform” rating and a $174.00 price target for the company. Mizuho boosted their target price on shares of GE Vernova from $154.00 to $164.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley started coverage on shares of GE Vernova in a research note on Thursday. They issued an “equal weight” rating and a $167.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of GE Vernova in a research note on Friday, April 12th. Finally, Melius assumed coverage on GE Vernova in a report on Monday, April 22nd. They set a “hold” rating and a $147.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.90.

GE Vernova Trading Up 0.1 %

GEV stock opened at $164.02 on Thursday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $173.50.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.56 billion. As a group, equities analysts predict that GE Vernova will post 2.95 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Several institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $367,474,000. Steadfast Capital Management LP purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $80,235,000. Kinetic Partners Management LP purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $20,854,000. Yaupon Capital Management LP purchased a new position in shares of GE Vernova during the 1st quarter valued at approximately $10,256,000. Finally, Maryland State Retirement & Pension System purchased a new position in shares of GE Vernova during the 1st quarter valued at 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.