GE Vernova (NYSE:GEV) Price Target Cut to $1,000.00 by Analysts at Citigroup

GE Vernova (NYSE:GEV) had its price target reduced by investment analysts at Citigroup from $1,125.00 to $1,000.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s target price points to a potential upside of 12.78% from the company’s previous close.

A number of other brokerages have also recently commented on GEV. TD Cowen decreased their target price on shares of GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a research report on Thursday. BNP Paribas Exane cut their price target on shares of GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating for the company in a research report on Thursday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a research note on Monday, October 19th. Mizuho lifted their price objective on GE Vernova from $913.00 to $949.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, President Capital boosted their target price on GE Vernova from $1,368.00 to $1,398.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $1,152.03.

GE Vernova Price Performance

GEV traded up $8.66 during midday trading on Thursday, hitting $886.69. The stock had a trading volume of 2,569,701 shares, compared to its average volume of 2,681,256. GE Vernova has a 1 year low of $530.16 and a 1 year high of $1,195.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The business has a fifty day moving average of $939.01 and a 200 day moving average of $937.93. The company has a market cap of $236.15 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. As a group, equities analysts forecast that GE Vernova will post 15.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Hedge funds have recently made changes to their positions in the business. Trek Financial LLC increased its position in shares of GE Vernova by 33.0% during the third quarter. Trek Financial LLC now owns 347 shares of the company’s stock valued at $329,000 after buying an additional 86 shares during the period. Woodmont Investment Counsel LLC lifted its holdings in GE Vernova by 24.4% in the third quarter. Woodmont Investment Counsel LLC now owns 291 shares of the company’s stock worth $276,000 after buying an additional 57 shares during the period. Traynor Capital Management Inc. boosted its position in GE Vernova by 23.9% during the 3rd quarter. Traynor Capital Management Inc. now owns 1,472 shares of the company’s stock valued at $1,399,000 after acquiring an additional 284 shares in the last quarter. Virtue Capital Management LLC boosted its position in GE Vernova by 3.6% during the 3rd quarter. Virtue Capital Management LLC now owns 4,762 shares of the company’s stock valued at $4,526,000 after acquiring an additional 164 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in GE Vernova during the 3rd quarter valued at approximately $112,118,000.

Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Strong Q3 beat and raised outlook: GE Vernova reported adjusted earnings of $4.81 per share versus the $4.03 consensus estimate, while revenue reached $12.64 billion, up 26.8% year over year and ahead of expectations. Management raised full-year revenue and cash-flow guidance for the third consecutive quarter. GE Vernova reports strong third-quarter 2026 financial performance
• Positive Sentiment: Backlog and AI-related demand remain substantial: Total backlog climbed to approximately $197 billion, supported by demand for power-generation and grid infrastructure tied to data centers and artificial intelligence. Quarterly orders were reported as nearly doubling, reinforcing the company’s long-term growth opportunity. GE Vernova’s $197 billion backlog and $9 billion acquisition
• Positive Sentiment: $9 billion Trench acquisition: The purchase of high-voltage equipment maker Trench Group would expand GE Vernova’s Electrification portfolio and add scale in grid modernization, energy security and electrification markets. The company also increased its share-repurchase authorization. GE Vernova to Acquire Trench Group
• Neutral Sentiment: Execution is becoming the key issue: Electrification and Power are outperforming, while Wind is showing early improvement. Investors now need evidence that the large backlog converts into profitable revenue and cash flow at the expected pace.
• Negative Sentiment: Orders fell short of a very high bar: Despite the backlog increase, investors were disappointed by slower new-order signings and missed “new slots” expectations. That raised questions about the timing, quality and conversion rate of reservations, limiting the stock’s reaction to the earnings beat. GE Vernova stock falls as new orders and new slots miss expectations
• Negative Sentiment: Valuation and deal risk remain: With shares still well above their year-ago level, the market expects rapid execution. The Trench acquisition creates integration and capital-allocation risks, while any delay in converting backlog could keep pressure on the stock.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.