GE Vernova (NYSE:GEV) Price Target Raised to $367.00

GE Vernova (NYSE:GEV - Get Free Report) had its price objective upped by Morgan Stanley from $301.00 to $367.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 11.29% from the company's previous close.

GEV has been the subject of a number of other reports. Oppenheimer assumed coverage on shares of GE Vernova in a research report on Thursday, September 26th. They set a "market perform" rating for the company. Mizuho upped their price objective on shares of GE Vernova from $186.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. BMO Capital Markets upped their price objective on shares of GE Vernova from $245.00 to $288.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Barclays upped their price objective on shares of GE Vernova from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of GE Vernova from $285.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova currently has an average rating of "Moderate Buy" and a consensus price target of $264.55.

GE Vernova Price Performance

Shares of NYSE:GEV traded up $3.72 during midday trading on Friday, hitting $329.76. The stock had a trading volume of 2,928,981 shares, compared to its average volume of 3,524,734. The company's 50-day moving average price is $270.87 and its 200-day moving average price is $207.25. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $349.79.

Hedge Funds Weigh In On GE Vernova

Institutional investors have recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators bought a new position in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova during the second quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova during the second quarter worth about $26,000. Finally, Timber Creek Capital Management LLC bought a new position in GE Vernova during the second quarter worth about $27,000.

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.