GE Vernova (NYSE:GEV) Price Target Increased to $208.00 by Analysts at Mizuho

GE Vernova (NYSE:GEV) had its price target raised by research analysts at Mizuho from $186.00 to $208.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 21.05% from the company’s current price.

A number of other research analysts have also recently commented on GEV. Daiwa Capital Markets assumed coverage on shares of GE Vernova in a research report on Friday, June 21st. They set an “outperform” rating and a $201.50 target price on the stock. Raymond James initiated coverage on shares of GE Vernova in a report on Wednesday, April 17th. They issued an “outperform” rating and a $160.00 price objective on the stock. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Melius initiated coverage on GE Vernova in a research note on Monday, April 22nd. They issued a “hold” rating and a $147.00 price target on the stock. Finally, Bank of America assumed coverage on GE Vernova in a research note on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.25.

GE Vernova Price Performance

Shares of GEV traded up $11.83 during midday trading on Friday, reaching $171.83. 2,401,058 shares of the company were exchanged, compared to its average volume of 4,208,822. GE Vernova has a 1-year low of $115.00 and a 1-year high of $185.50. The company’s 50-day moving average is $171.50.

GE Vernova (NYSE:GEV) last announced its earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The company had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.56 billion. On average, research analysts anticipate that GE Vernova will post 3.03 earnings per share for the current year.

Institutional Investors Weigh In On GE Vernova

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