Royal Bank of Canada Increases GE Vernova (NYSE:GEV) Price Target to $180.00

GE Vernova (NYSE:GEVFree Report) had its target price upped by Royal Bank of Canada from $160.00 to $180.00 in a report released on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Melius started coverage on shares of GE Vernova in a research note on Monday, April 22nd. They issued a hold rating and a $147.00 price target on the stock. Evercore ISI started coverage on shares of GE Vernova in a research note on Thursday, April 18th. They issued an outperform rating and a $174.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of GE Vernova from $163.00 to $176.00 and gave the company an overweight rating in a research note on Thursday, May 23rd. BNP Paribas started coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They issued an outperform rating and a $177.00 price target on the stock. Finally, Mizuho raised their price target 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $164.90.

Read Our Latest Analysis on GE Vernova

GE Vernova Trading Up 0.5 %

GEV opened at $175.90 on Thursday. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $182.78. The stock’s 50-day simple moving average is $153.78.

GE Vernova (NYSE:GEVGet Free Report) last released 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 company had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.56 billion. Sell-side analysts predict that GE Vernova will post 3.01 earnings per share for the current fiscal year.

Institutional Trading of GE Vernova

A number of large investors have recently added to or reduced their stakes in GEV. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the first quarter worth approximately $367,474,000. Steadfast Capital Management LP bought a new stake in GE Vernova during the first quarter worth approximately $80,235,000. Kinetic Partners Management LP bought a new stake in GE Vernova during the first quarter worth approximately $20,854,000. Yaupon Capital Management LP bought a new stake in GE Vernova during the first quarter worth approximately $10,256,000. Finally, Spear Holdings RSC Ltd bought a new stake in GE Vernova during the first quarter worth approximately $8,615,000.

About GE Vernova

(Get Free Report)

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.

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Analyst Recommendations for GE Vernova (NYSE:GEV)

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