BNP Paribas initiated coverage on shares of GE Vernova (NYSE:GEV – Free Report) in a report published on Wednesday, MarketBeat reports. The firm issued an outperform rating and a $177.00 price target on the stock.
Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reiterated an outperform rating and set a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. Mizuho started coverage on shares of GE Vernova in a report on Monday. They set a buy rating and a $154.00 price target on the stock. Raymond James started coverage on shares of GE Vernova in a research note on Wednesday. They set an outperform rating and a $160.00 target price for the company. JPMorgan Chase & Co. raised shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 target price for the company in a research note on Monday, April 8th. Finally, The Goldman Sachs Group started coverage on shares of GE Vernova in a research note on Tuesday. They set a buy rating and a $154.00 target price for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and an average price target of $157.67.
Check Out Our Latest Stock Analysis on GE Vernova
GE Vernova Price Performance
Institutional Investors Weigh In On GE Vernova
A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. purchased a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.
About GE Vernova
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.
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