GE Vernova (NYSE:GEV) Now Covered by Analysts at Raymond James

Equities researchers at Raymond James started coverage on shares of GE Vernova (NYSE:GEV) in a research report issued on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $160.00 price target on the stock. Raymond James’ price objective suggests a potential upside of 18.28% from the company’s previous close.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price on the stock in a report on Monday, April 8th. The Goldman Sachs Group started coverage on GE Vernova in a report on Tuesday. They issued a “buy” rating and a $154.00 price target on the stock. Mizuho started coverage on GE Vernova in a report on Monday. They issued a “buy” rating and a $154.00 price target on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $157.67.

GE Vernova Trading Up 4.0 %

GE Vernova stock traded up $5.20 during mid-day trading on Wednesday, hitting $135.27. 4,988,259 shares of the company were exchanged, compared to its average volume of 8,121,972. GE Vernova has a 1-year low of $115.00 and a 1-year high of $152.48.

Institutional Investors Weigh In On GE Vernova

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. purchased a new position in shares of GE Vernova (NYSE:GEV) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

GE Vernova Company Profile

GE Vernova is an energy company which includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts.