GE Vernova (NYSE:GEV) Trading 3.5% Higher Following Analyst Upgrade

GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price rose 3.5% during trading on Friday after Morgan Stanley raised their price target on the stock from $301.00 to $367.00. Morgan Stanley currently has an overweight rating on the stock. GE Vernova traded as high as $337.56 and last traded at $337.51. Approximately 801,394 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 3,511,591 shares. The stock had previously closed at $326.04.

Several other equities research analysts also recently commented on the stock. Evercore ISI upped their price target on shares of GE Vernova from $300.00 to $323.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada upped their price target on shares of GE Vernova from $262.00 to $285.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. 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. Finally, 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. Seven investment 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $264.55.

Institutional Trading of GE Vernova

Large investors have recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova in the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in GE Vernova in the 2nd quarter valued at $25,000. Global Trust Asset Management LLC bought a new stake in GE Vernova in the 2nd quarter valued at $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in GE Vernova in the 2nd quarter valued at $27,000.

GE Vernova Stock Up 1.1 %

The business's fifty day simple moving average is $270.87 and its two-hundred day simple moving average is $207.25.

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.