Barclays Boosts GE Vernova (NYSE:GEV) Price Target to $300.00

GE Vernova (NYSE:GEV) had its target price upped by Barclays from $250.00 to $300.00 in a report released on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. Jefferies Financial Group boosted their price target on GE Vernova from $261.00 to $293.00 and gave the company a buy rating in a report on Friday, September 20th. Daiwa America raised shares of GE Vernova to a strong-buy rating in a research note on Friday, June 21st. Mizuho boosted their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the stock an outperform rating in a research note on Friday, July 26th. Citigroup initiated coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a neutral rating and a $183.00 price objective for the company. Finally, Argus initiated coverage on shares of GE Vernova in a research note on Thursday, June 13th. They issued a buy rating and a $190.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $234.98.

GE Vernova Stock Up 4.3 %

Shares of GEV stock opened at $265.59 on Wednesday. GE Vernova has a 52-week low of $115.00 and a 52-week high of $266.42. The business has a fifty day simple moving average of $205.35.

GE Vernova (NYSE:GEV) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.42 billion. Analysts expect that GE Vernova will post 2.83 EPS for the current year.

Hedge Funds Weigh In On GE Vernova

Several hedge funds have recently made changes to their positions in GEV. Anderson Hoagland & Co. purchased a new stake in GE Vernova in the first quarter valued at $1,720,000. Maryland State Retirement & Pension System purchased a new stake in GE Vernova in the first quarter valued at $2,892,000. Boit C F David purchased a new stake in GE Vernova in the first quarter valued at $149,000. ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova in the first quarter valued at $30,000. Finally, Nwam LLC purchased a new stake in GE Vernova in the first quarter valued at $1,531,000.

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.