GE Vernova (NYSE:GEV) Price Target Increased to $164.00 by Analysts at Mizuho

GE Vernova (NYSE:GEV) had its price target upped by equities researchers at Mizuho from $154.00 to $164.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s price objective suggests a potential downside of 1.36% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They set a “buy” rating and a $154.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th. Bank of America began coverage on GE Vernova in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $150.00 price target on the stock. Evercore ISI assumed coverage on GE Vernova in a research report on Thursday, April 18th. They set an “outperform” rating and a $174.00 price objective for the company. Finally, JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price on the stock in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.56.

GE Vernova Stock Up 8.1 %

Shares of GEV stock traded up $12.43 during mid-day trading on Wednesday, hitting $166.26. 4,627,851 shares of the stock were exchanged, compared to its average volume of 6,416,587. GE Vernova has a 12-month low of $115.00 and a 12-month high of $167.17.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.56 billion. Research analysts forecast that GE Vernova will post 2.98 earnings per share for the current year.

Hedge Funds Weigh In On GE Vernova

A number of large investors have recently modified their holdings of the business. Maryland State Retirement & Pension System purchased a new stake in shares of GE Vernova in the first quarter valued at approximately $2,892,000. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova during the 1st quarter worth $1,720,000. Valeo Financial Advisors LLC acquired a new position in shares of GE Vernova during the 1st quarter worth $673,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of GE Vernova in the 1st quarter valued at about $478,000. Finally, Boit C F David acquired a new stake in shares of GE Vernova in the first quarter valued at about $149,000.

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.