GE Vernova (NYSE:GEV) Stock Price Up 3.5% Following Analyst Upgrade

GE Vernova Inc. (NYSE:GEV)’s stock price shot up 3.5% during mid-day trading on Friday after Morgan Stanley raised their price target on the stock from $301.00 to $367.00. Morgan Stanley currently has an overweight rating on the stock. GE Vernova traded as high as $337.56 and last traded at $337.51. 801,394 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 3,511,591 shares. The stock had previously closed at $326.04.

GEV has been the topic of several other reports. William Blair initiated coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Guggenheim started coverage on shares of GE Vernova in a research note on Tuesday, September 24th. They set a “buy” rating and a $300.00 price target on the stock. HSBC restated a “hold” rating and issued a $255.00 price objective (up previously from $240.00) on shares of GE Vernova in a research report on Friday, October 4th. Barclays boosted their target price on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft began coverage on GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $264.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEV. Deseret Mutual Benefit Administrators purchased a new stake in shares of GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new position in shares of GE Vernova during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new stake in GE Vernova during the second quarter worth approximately $25,000. Global Trust Asset Management LLC purchased a new stake in GE Vernova in the 2nd quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC acquired a new position in GE Vernova in the 2nd quarter valued at $27,000.

GE Vernova Trading Up 1.1 %

The business has a 50 day simple moving average of $270.87 and a two-hundred day simple moving average of $207.25.

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.