JPMorgan has raised its price target for GE Vernova (GEV, Financial) to $430, a slight increase from the previous target of $425. The investment firm maintains an Overweight rating on the shares, highlighting continued robust performance in the company's Power and Electrification sectors. According to a recent analysis, GE Vernova's first-quarter results surpassed expectations, driven by strong demand and favorable pricing strategies.
The financial firm also noted that GE Vernova has reiterated its fiscal 2025 guidance, maintaining stability across all key segments and metrics, even as it incorporates the effects of tariffs. This consistency underscores the company's resilience and strategic positioning in the market.
JPMorgan continues to regard GE Vernova as a top pick on its Analyst Focus List, pointing to ongoing positive trends and growth potential within the energy and electrification spaces.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for GE Vernova Inc (GEV, Financial) is $396.10 with a high estimate of $500.00 and a low estimate of $221.00. The average target implies an upside of 16.10% from the current price of $341.18. More detailed estimate data can be found on the GE Vernova Inc (GEV) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, GE Vernova Inc's (GEV, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
