- GE Vernova (GEV, Financial) shares surged by 5.1% following a robust Q1 profit report.
- The company's revenues increased by 11% despite facing significant tariff impacts.
- Wall Street analysts forecast a promising upside for GEV, with an "Outperform" rating.
GE Vernova (GEV) experienced a notable 5.1% rise in its share price after reporting a first-quarter profit of $264 million, marking a significant turnaround from a previous loss. The company's revenues soared by 11% to reach $8.03 billion, primarily propelled by its services and power equipment sectors. Despite contending with $300-$400 million in tariff-related challenges, GE Vernova has successfully upheld its full-year financial guidance.
Wall Street Analysts Forecast
According to insights from 26 analysts regarding one-year price targets, GE Vernova Inc (GEV, Financial) holds an average target price of $396.10. This forecast includes a high estimate of $500.00 and a low estimate of $221.00, suggesting a potential upside of 16.14% from the current price of $341.05. Investors seeking more comprehensive data and analysis can visit the GE Vernova Inc (GEV) Forecast page on GuruFocus.
The consensus recommendation from 32 brokerage firms suggests a favorable outlook for GE Vernova Inc (GEV, Financial), with an average brokerage recommendation of 1.9, denoting an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 implies a Sell.
