GE Vernova (NYSE:GEV) Price Target Increased to $164.00 by Analysts at Mizuho

GE Vernova (NYSE:GEV) had its price objective raised by equities researchers at Mizuho from $154.00 to $164.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s target price suggests a potential upside of 8.63% from the company’s current price.

Several other research analysts have also recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of GE Vernova in a research report on Friday, April 12th. Bank of America began coverage on GE Vernova in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $150.00 target price for the company. The Goldman Sachs Group began coverage on GE Vernova in a research report on Tuesday, April 16th. They issued a “buy” rating and a $154.00 target price for the company. JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price objective for the company in a research note on Monday, April 8th. Finally, Evercore ISI began coverage on GE Vernova in a research note on Thursday, April 18th. They set an “outperform” rating and a $174.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.56.

GE Vernova Price Performance

Shares of GEV traded down $2.74 during mid-day trading on Wednesday, hitting $150.97. The company’s stock had a trading volume of 600,479 shares, compared to its average volume of 6,531,716. GE Vernova has a one year low of $115.00 and a one year high of $163.10.

GE Vernova (NYSE:GEV) last issued 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 analysts’ expectations of $7.56 billion.

Institutional Trading of GE Vernova

A number of hedge funds and other institutional investors have recently made changes to their positions in GEV. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in GE Vernova in the first quarter worth about $478,000. Valeo Financial Advisors LLC acquired a new stake in GE Vernova in the first quarter worth about $673,000. Anderson Hoagland & Co. acquired a new stake in GE Vernova in the first quarter worth about $1,720,000. Finally, Maryland State Retirement & Pension System acquired a new stake in GE Vernova in the first quarter worth about $2,892,000.

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.