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GE HealthCare Technologies (GEHC) Stock Forecast & Price Target

GE HealthCare Technologies logo
$82.44 +0.44 (+0.54%)
(As of 11/22/2024 ET)

GE HealthCare Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
5
Buy
9

Based on 15 Wall Street analysts who have issued ratings for GE HealthCare Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a sell rating, 5 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for GEHC.

Consensus Price Target

$94.36
14.46% Upside
According to the 15 analysts' twelve-month price targets for GE HealthCare Technologies, the average price target is $94.36. The highest price target for GEHC is $110.00, while the lowest price target for GEHC is $74.00. The average price target represents a forecasted upside of 14.46% from the current price of $82.44.
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GEHC Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$94.36$94.23$95.00$88.44
Forecasted Upside14.46% Upside6.57% Upside12.55% Upside19.99% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

GEHC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GEHC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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GE HealthCare Technologies Stock vs. The Competition

TypeGE HealthCare TechnologiesMedical CompaniesS&P 500
Consensus Rating Score
2.60
2.80
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside14.46% Upside27,006.30% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent GEHC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/31/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$95.00 ➝ $96.00+9.90%
10/1/2024Evercore ISI
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$98.00 ➝ $102.00+10.82%
9/30/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetBuy ➝ Buy$100.00 ➝ $102.00+10.88%
9/26/2024UBS Group
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G. Doyle
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DowngradeNeutral ➝ Sell$84.00 ➝ $74.00-20.44%
9/18/2024BTIG Research
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R. Zimmerman
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UpgradeNeutral ➝ Buy$100.00+15.22%
9/9/2024JPMorgan Chase & Co.
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 Initiated CoverageNeutral$90.00+5.77%
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8/1/2024Redburn Atlantic
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E. Ridley-Day
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UpgradeStrong-Buy
5/30/2024The Goldman Sachs Group
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 Initiated CoverageNeutral$87.00+10.90%
5/1/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$94.00 ➝ $86.00+10.45%
5/1/2024Mizuho
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 Lower TargetBuy ➝ Buy$110.00 ➝ $105.00+35.45%
4/3/2024Citigroup
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 Boost TargetBuy ➝ Buy$88.00 ➝ $103.00+14.62%
4/1/2024Argus
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 Boost TargetBuy ➝ Buy$80.00 ➝ $110.00+22.82%
2/15/2024HSBC
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 Initiated CoverageBuy$100.00+20.24%
2/12/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$74.00 ➝ $86.00+3.40%
11/30/2023Jefferies Financial Group
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 Initiated CoverageHold$80.00+18.15%
5/15/2023Oppenheimer
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 Initiated CoverageOutperform$97.00+29.45%
4/19/2023Piper Sandler
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 Initiated CoverageOverweight$95.00+13.55%
1/19/2023Redburn Partners
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 Initiated CoverageBuy
1/4/2023Edward Jones
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 Initiated CoverageHold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:22 AM ET.


Should I Buy GE HealthCare Technologies Stock? GEHC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these GE HealthCare Technologies pros and cons to contact@marketbeat.com.

GE HealthCare Technologies
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in GE HealthCare Technologies Inc.:

  • GE HealthCare Technologies Inc. reported earnings per share (EPS) of $1.14 for the latest quarter, exceeding the consensus estimate of $1.06, indicating strong financial performance and effective management.
  • The company has a robust return on equity of 25.19%, suggesting that it is efficiently generating profits from its equity investments, which is attractive to investors looking for high returns.
  • With a recent stock price around $86.48, the shares are positioned within a range that analysts have set target prices between $74.00 and $102.00, indicating potential for price appreciation.
  • GE HealthCare Technologies Inc. has a net margin of 8.56%, reflecting its ability to convert revenue into profit, which is a positive indicator of operational efficiency.
  • The company has announced a quarterly dividend of $0.03, translating to an annualized dividend yield of 0.14%, providing a small but steady income stream for investors.

GE HealthCare Technologies
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in GE HealthCare Technologies Inc. for these reasons:

  • Despite the positive EPS report, the company's revenue of $4.86 billion fell slightly short of analysts' expectations of $4.87 billion, which may raise concerns about future growth potential.
  • Insider selling activity, such as the CEO selling 3,577 shares, could signal a lack of confidence in the company's short-term prospects, which may deter potential investors.
  • One analyst has rated the stock as a sell, indicating that there are differing opinions on the stock's future performance, which could create uncertainty for investors.
  • The dividend payout ratio is relatively low at 3.30%, suggesting that the company is retaining most of its earnings for reinvestment rather than returning them to shareholders, which may not appeal to income-focused investors.
  • Recent downgrades from brokerages, including UBS Group lowering their rating to sell, could indicate a bearish outlook from market experts, potentially impacting investor sentiment negatively.

GEHC Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for GE HealthCare Technologies is $94.36, with a high forecast of $110.00 and a low forecast of $74.00.

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GE HealthCare Technologies in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GEHC shares.

According to analysts, GE HealthCare Technologies's stock has a predicted upside of 14.46% based on their 12-month stock forecasts.

Over the previous 90 days, GE HealthCare Technologies's stock had 1 upgrade and 1 downgrade by analysts.

GE HealthCare Technologies has been rated by research analysts at BTIG Research, Evercore ISI, JPMorgan Chase & Co., Stifel Nicolaus, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like GE HealthCare Technologies less than other "medical" companies. The consensus rating score for GE HealthCare Technologies is 2.60 while the average consensus rating score for "medical" companies is 2.80. Learn more on how GEHC compares to other companies.


This page (NASDAQ:GEHC) was last updated on 11/25/2024 by MarketBeat.com Staff
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