GE Vernova (NYSE:GEV – Free Report) 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.
Check Out Our Latest Stock Analysis on GE Vernova
GE Vernova Price Performance
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.
Featured Articles
- Five stocks we like better than GE Vernova
- How Can Investors Benefit From After-Hours Trading
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- Canadian Penny Stocks: Can They Make You Rich?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Financial Services Stocks Investing
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.