GE Vernova (NYSE:GEV) Stock Price Expected to Rise, Guggenheim Analyst Says

GE Vernova (NYSE:GEV) had its price target increased by Guggenheim from $300.00 to $400.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s target price indicates a potential upside of 15.45% from the company’s current price.

GEV has been the topic of several other research reports. Truist Financial upped their target price on shares of GE Vernova from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price objective on the stock. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of GE Vernova from $330.00 to $356.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Barclays raised their price target on GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.19.

GE Vernova Stock Down 0.5 %

Shares of NYSE:GEV opened at $346.46 on Thursday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $357.09. The stock’s fifty day moving average price is $302.91 and its 200-day moving average price is $225.45.

Institutional Investors Weigh In On GE Vernova

Institutional investors and hedge funds have recently modified their holdings of the stock. Retirement Systems of Alabama grew its stake in GE Vernova by 2.4% during the third quarter. Retirement Systems of Alabama now owns 61,894 shares of the company’s stock valued at $15,782,000 after acquiring an additional 1,433 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of GE Vernova by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,978,691 shares of the company’s stock valued at $533,257,000 after purchasing an additional 71,067 shares during the last quarter. Tidal Investments LLC grew its position in shares of GE Vernova by 5.4% during the third quarter. Tidal Investments LLC now owns 7,271 shares of the company’s stock valued at $1,854,000 after purchasing an additional 374 shares in the last quarter. Optimist Retirement Group LLC bought a new stake in shares of GE Vernova in the third quarter worth about $249,000. Finally, Blankinship & Foster LLC purchased a new stake in shares of GE Vernova in the third quarter worth about $204,000.

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.