Mizuho Boosts GE Vernova (NYSE:GEV) Price Target to $164.00

GE Vernova (NYSE:GEV) had its target price boosted by Mizuho from $154.00 to $164.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada reiterated an outperform rating and issued a $160.00 price target on shares of GE Vernova in a research note on Friday, April 12th. Evercore ISI initiated coverage on GE Vernova in a report on Thursday, April 18th. They set an outperform rating and a $174.00 price target for the company. The Goldman Sachs Group initiated coverage on GE Vernova in a research note on Tuesday, April 16th. They issued a buy rating and a $154.00 price objective on the stock. Bank of America initiated coverage on GE Vernova in a research note on Wednesday, April 24th. They set a neutral rating and a $150.00 target price for the company. Finally, Raymond James assumed coverage on GE Vernova in a research note on Wednesday, April 17th. They issued an outperform rating and a $160.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $158.56.

GE Vernova Stock Up 8.1 %

NYSE GEV opened at $166.26 on Wednesday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $167.17.

GE Vernova (NYSE:GEV) last released its earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The company had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.56 billion. As a group, sell-side analysts predict that GE Vernova will post 2.98 earnings per share for the current year.

Institutional Investors Weigh In On GE Vernova

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Anderson Hoagland & Co. acquired a new position in shares of GE Vernova in the first quarter valued at about $1,720,000. Maryland State Retirement & Pension System bought a new stake in GE Vernova in the 1st quarter valued at about $2,892,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of GE Vernova during the 1st quarter worth approximately $478,000. Valeo Financial Advisors LLC bought a new position in shares of GE Vernova during the first quarter worth approximately $673,000. Finally, Boit C F David acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $149,000.

GE Vernova Company Profile

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.