GE Vernova (NYSE:GEV) Price Target Raised to $325.00

GE Vernova (NYSE:GEV) had its target price upped by Truist Financial from $300.00 to $325.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. BMO Capital Markets increased their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. William Blair initiated coverage on GE Vernova in a research note on Thursday, August 29th. They issued an “outperform” rating for the company. Bank of America increased their price objective on GE Vernova from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday. Hsbc Global Res cut GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Finally, Barclays upped their target price on GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, GE Vernova has an average rating of “Moderate Buy” and an average price target of $261.40.

GE Vernova Price Performance

NYSE GEV opened at $293.54 on Thursday. The business has a fifty day moving average price of $235.14 and a 200 day moving average price of $190.64. GE Vernova has a one year low of $115.00 and a one year high of $298.81.

Hedge Funds Weigh In On GE Vernova

Hedge funds have recently bought and sold shares of the company. Castleview Partners LLC acquired a new position in GE Vernova during the 3rd quarter worth about $28,000. Deseret Mutual Benefit Administrators acquired a new position in GE Vernova during the 2nd quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new position in GE Vernova during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. acquired a new position in GE Vernova during the 2nd quarter worth about $25,000. Finally, Global Trust Asset Management LLC acquired a new position in GE Vernova during the 2nd quarter worth about $26,000.

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.