- GE Vernova reaffirms its annual revenue target despite tariff-related challenges.
- Wall Street sees potential upside for GE Vernova with an average price target of $396.10.
- Analyst consensus suggests GE Vernova is set to "Outperform" in the market.
GE Vernova (GEV, Financial) has confidently maintained its full-year revenue projection in the range of $36 to $37 billion, even as it faces a $300-$400 million impact due to tariffs. This determination follows a strong performance in the first quarter, where the company recorded a profit of $264 million, a significant turnaround from the loss reported in the previous year. The 11% revenue boost was largely fueled by robust orders in service and power equipment sectors.
Wall Street Analysts' Forecast
Wall Street's outlook for GE Vernova Inc (GEV, Financial) is positive, with 26 analysts setting a one-year average price target at $396.10. This target suggests a potential upside of 17.85% from the current stock price of $336.09. The range of these predictions spans from a high of $500.00 to a low of $221.00, indicating diverse expectations among analysts. For a deeper dive into these projections, please visit the GE Vernova Inc (GEV) Forecast page.
Further bolstering investor confidence, the consensus from 32 brokerage firms places GE Vernova Inc (GEV, Financial) at an average brokerage recommendation of 1.9. This positions the company in the "Outperform" category, based on a rating scale where 1 represents a Strong Buy and 5 a Sell. This rating underscores analysts' belief in the company's robust market position and growth potential.
