Morgan Stanley Raises GE Vernova (NYSE:GEV) Price Target to $367.00

GE Vernova (NYSE:GEV) had its price objective increased by Morgan Stanley from $301.00 to $367.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. Mizuho upped their price target on shares of GE Vernova from $186.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They set an “outperform” rating for the company. Evercore ISI lifted their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Barclays upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average price target of $264.55.

GE Vernova Stock Performance

Shares of GEV opened at $325.31 on Friday. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $349.79. The firm has a 50 day moving average price of $275.96 and a 200-day moving average price of $210.43.

Institutional Investors Weigh In On GE Vernova

Several hedge funds have recently bought and sold shares of the business. Castleview Partners LLC bought a new position in shares of GE Vernova during the third quarter valued at approximately $28,000. Covestor Ltd grew its stake in shares of GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the last quarter. Darwin Wealth Management LLC bought a new position in GE Vernova during the 3rd quarter valued at approximately $31,000. Prestige Wealth Management Group LLC raised its stake in GE Vernova by 175.0% during the third quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock valued at $31,000 after buying an additional 77 shares during the last quarter. Finally, Planning Capital Management Corp raised its stake in GE Vernova by 1,000.0% during the third quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after buying an additional 130 shares during the last quarter.

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.