GE Vernova Inc. (NYSE:GEV – Get Free Report)’s share price rose 1.9% during mid-day trading on Thursday after Barclays raised their price target on the stock from $320.00 to $420.00. Barclays currently has an overweight rating on the stock. GE Vernova traded as high as $350.50 and last traded at $350.26. Approximately 496,100 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,438,550 shares. The stock had previously closed at $343.75.
Several other brokerages have also weighed in on GEV. BMO Capital Markets boosted their price objective on GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Jefferies Financial Group boosted their price target on GE Vernova from $293.00 to $336.00 and gave the company a “buy” rating in a report on Friday, October 18th. HSBC restated a “hold” rating and set a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Wells Fargo & Company began coverage on shares of GE Vernova in a research note on Thursday, November 21st. They set an “overweight” rating and a $385.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of GE Vernova from $301.00 to $367.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.19.
Check Out Our Latest Analysis on GE Vernova
Institutional Trading of GE Vernova
GE Vernova Price Performance
The company’s 50-day simple moving average is $300.97 and its 200-day simple moving average is $224.59.
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.
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