General Electric (GE) Stock Forecast & Price Target

$176.59

-17.64 (-9.08%)

(As of 10/22/2024 ET)

General Electric - 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

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
1

Buy
14

Based on 15 Wall Street analysts who have issued ratings for General Electric in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a hold rating, and 14 have given a buy rating for GE.

Consensus Price Target

$198.53
12.43% Upside

According to the 15 analysts' twelve-month price targets for General Electric, the average price target is $198.53. The highest price target for GE is $235.00, while the lowest price target for GE is $160.00. The average price target represents a forecasted upside of 12.43% from the current price of $176.59.

GE Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)	10 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$198.53	$191.36	$183.93	$122.71
Forecasted Upside	12.43% Upside	1.40% Upside	11.67% Upside	8.00% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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GE 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.

GE 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.

General Electric Stock vs. The Competition

Type	General Electric	Transportation Companies	S&P 500
Consensus Rating Score	2.93	2.56	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	12.43% Upside	30.19% Upside	7.90% Upside
News Sentiment Rating	Positive News See Recent GE News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Royal Bank of Canada 4 of 5 stars	K. Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$190.00 ➝ $210.00	+17.71%
10/22/2024	Melius Research 0 of 5 stars		Boost Target		$194.00 ➝ $202.00	+13.22%
10/14/2024	Sanford C. Bernstein 3 of 5 stars	D. Harned Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$201.00 ➝ $225.00	+17.70%
10/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$198.00 ➝ $216.00	+14.97%
10/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$212.00 ➝ $235.00	+26.06%
7/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$175.00 ➝ $200.00	+17.72%
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7/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$192.00 ➝ $205.00	+22.35%
7/1/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$201.00 ➝ $209.00	+31.41%
6/28/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$185.00 ➝ $190.00	+19.24%
5/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$148.00 ➝ $175.00	+8.50%
4/24/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $180.00	+12.97%
4/24/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$165.00 ➝ $180.00	+13.63%
4/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $211.00	+34.77%
4/9/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$175.00 ➝ $180.00	+15.00%
4/4/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$160.00	+9.87%
3/5/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
8/10/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$122.00 ➝ $125.00	+11.44%
6/28/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$107.00 ➝ $125.00	+19.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:31 AM ET.

Should I Buy General Electric Stock? GE 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 Saturday, October 19, 2024. Please send any questions or comments about these General Electric pros and cons to contact@marketbeat.com.

General Electric
Bull Case

Here are some ways that investors could benefit from investing in General Electric:

General Electric has a moderate buy rating with an average target price of $195.14, indicating potential for growth in the stock price.
Recent increase in stock holdings by institutional investors like Legacy Private Trust Co. and other hedge funds may signal confidence in the company's future performance.
General Electric reported earnings per share of $1.20 for the last quarter, surpassing analyst estimates, showcasing strong financial performance.
The company announced a quarterly dividend of $0.28 per share, providing investors with a steady income stream and a dividend yield of 0.60%.
General Electric's diverse portfolio in commercial and defense aircraft engines, electric power, and mechanical aircraft systems offers stability and potential for growth in various sectors.

General Electric
Bear Case

Investors should be bearish about investing in General Electric for these reasons:

General Electric's stock price has been fluctuating, with recent trading down and up movements, indicating volatility that may pose risks to investors.
The company's high price-to-earnings ratio of 61.69 and price-to-earnings-growth ratio of 1.87 suggest that the stock may be overvalued compared to its growth prospects.
General Electric's debt-to-equity ratio of 0.95 raises concerns about the company's leverage and financial stability, which could impact future growth and profitability.
While the company has shown revenue growth, the beta of 1.18 indicates that General Electric's stock price may be more volatile compared to the market, potentially leading to higher risk for investors.
Analysts predict a lower EPS of 4.2 for the current year, which may indicate challenges in sustaining the current level of earnings growth.

GE Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for General Electric is $198.53, with a high forecast of $235.00 and a low forecast of $160.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last twelve months. There is currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GE shares.
: According to analysts, General Electric's stock has a predicted upside of 12.43% based on their 12-month stock forecasts.
: General Electric has been rated by research analysts at Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Melius Research, Royal Bank of Canada, and Sanford C. Bernstein in the past 90 days.
: Analysts like General Electric more than other "transportation" companies. The consensus rating score for General Electric is 2.93 while the average consensus rating score for "transportation" companies is 2.56. Learn more on how GE compares to other companies.

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This page (NYSE:GE) was last updated on 10/23/2024 by MarketBeat.com Staff

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General Electric (GE) Stock Forecast & Price Target