General Electric (GE) Stock Forecast & Price Target

$186.42

+0.12 (+0.06%)

(As of 10/2/2024 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

$191.36
2.64% Upside

According to the 15 analysts' twelve-month price targets for General Electric, the average price target is $191.36. The highest price target for GE is $212.00, while the lowest price target for GE is $160.00. The average price target represents a forecasted upside of 2.64% from the current price of $186.42.

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GE Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
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)	13 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	$191.36	$190.38	$184.19	$153.76
Forecasted Upside	2.64% Upside	9.03% Upside	13.00% Upside	13.87% 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	2.58	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	2.27% Upside	30.17% Upside	6.85% Upside
News Sentiment Rating	Positive News See Recent GE News	Positive 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
9/20/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Boost Target	Buy ➝ Buy	$210.00 ➝ $212.00	+13.04%
9/10/2024	Sanford C. Bernstein 3 of 5 stars	D. Harned Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$201.00	+21.56%
7/30/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$175.00 ➝ $200.00	+17.72%
7/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$175.00 ➝ $190.00	+14.84%
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%
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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%
4/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.43 ➝ $186.00	+15.34%
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	$152.87 ➝ $156.62	+11.44%
6/28/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$134.07 ➝ $156.62	+19.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:33 PM 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 Monday, September 30, 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's stock price has been steadily increasing, reaching $188.71 as of today, indicating positive momentum.
General Electric has shown strong quarterly earnings results, beating analyst expectations and demonstrating revenue growth.
Analysts have given General Electric a "Moderate Buy" rating with a consensus target price of $191.36, suggesting potential for further growth.
Institutional investors and hedge funds have been actively buying shares of General Electric, indicating confidence in the company's future performance.
General Electric has a diverse portfolio of products and services, including aviation, healthcare, and renewable energy, providing stability across different sectors.

General Electric
Bear Case

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

General Electric's debt-to-equity ratio of 0.95 may raise concerns about the company's financial leverage and ability to manage debt effectively.
While the stock has shown positive performance, the PE ratio of 60.18 may indicate that the stock is currently overvalued compared to industry peers.
Recent analyst downgrades from "buy" to "hold" may signal potential risks or challenges ahead for General Electric.
General Electric's one-year high of $189.78 may pose resistance levels for further stock price appreciation.
Market volatility and macroeconomic factors could impact General Electric's performance, leading to fluctuations in stock price.

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 $191.36, with a high forecast of $212.00 and a low forecast of $160.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. 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 2.65% based on their 12-month stock forecasts.
: General Electric has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Royal Bank of Canada, Sanford C. Bernstein, and Wells Fargo & Company 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 2.58. Learn more on how GE compares to other companies.