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GE Vernova (GEV) Stock Forecast & Price Target

$269.54
+2.65 (+0.99%)
(As of 10/14/2024 ET)

GE Vernova - 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
0
Hold
7
Buy
17

Based on 24 Wall Street analysts who have issued ratings for GE Vernova in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 24 analysts, 7 have given a hold rating, 16 have given a buy rating, and 1 has given a strong buy rating for GEV.

Consensus Price Target

$243.78
-9.56% Downside
According to the 24 analysts' twelve-month price targets for GE Vernova, the average price target is $243.78. The highest price target for GEV is $308.00, while the lowest price target for GEV is $147.00. The average price target represents a forecasted downside of -9.56% from the current price of $269.54.

GEV Analyst Ratings Over Time

TypeCurrent Forecast
10/16/23 to 10/15/24
1 Month Ago
9/16/23 to 9/15/24
3 Months Ago
7/18/23 to 7/17/24
1 Year Ago
10/16/22 to 10/16/23
Strong Buy
1 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
N/A
Buy
16 Buy rating(s)
14 Buy rating(s)
9 Buy rating(s)
N/A
Hold
7 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
N/A
Consensus Price Target$243.78$203.03$175.89N/A
Forecasted Upside-9.56% Downside-10.00% Downside6.07% UpsideN/A
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
N/A

GEV 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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GEV 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

GE Vernova Stock vs. The Competition

TypeGE VernovaOils/Energy CompaniesS&P 500
Consensus Rating Score
2.75
2.63
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-9.56% Downside40.17% Upside6.24% Upside
News Sentiment Rating
Positive News

See Recent GEV News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/14/2024BMO Capital Markets
4 of 5 stars
A. Thakkar
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Boost TargetOutperform ➝ Outperform$245.00 ➝ $288.00+7.59%
10/10/2024The Goldman Sachs Group
2 of 5 stars
 Boost TargetBuy ➝ Buy$220.00 ➝ $308.00+16.56%
10/9/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$240.00 ➝ $285.00+6.90%
10/4/2024Hsbc Global Res
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S. Mcloughlin
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DowngradeStrong-Buy ➝ Hold
10/4/2024HSBC
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 Reiterated RatingBuy ➝ Hold$240.00 ➝ $255.00+0.14%
10/3/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$285.00 ➝ $300.00+17.89%
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10/2/2024Barclays
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J. Mitchell
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Boost TargetOverweight ➝ Overweight$250.00 ➝ $300.00+18.84%
10/2/2024Raymond James
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P. Molchanov
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DowngradeOutperform ➝ Market Perform
9/26/2024Truist Financial
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J. Levy
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Initiated CoverageBuy$300.00+17.62%
9/26/2024Oppenheimer
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 Initiated CoverageMarket Perform
9/24/2024Guggenheim
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J. Osha
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Initiated CoverageBuy$300.00+19.26%
9/20/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$261.00 ➝ $293.00+20.07%
9/17/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$192.00 ➝ $246.00+4.27%
9/17/2024Bank of America
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 UpgradeNeutral ➝ Buy$200.00 ➝ $300.00+30.47%
9/13/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$220.00 ➝ $256.00+18.90%
8/29/2024William Blair
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J. Dorsheimer
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Initiated CoverageOutperform
7/26/2024Mizuho
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 Boost TargetOutperform ➝ Outperform$186.00 ➝ $208.00+20.72%
7/2/2024Redburn Atlantic
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S. Toyne
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Initiated CoverageNeutral$178.00+6.24%
6/21/2024Daiwa America
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D. Ip
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UpgradeStrong-Buy
6/21/2024Daiwa Capital Markets
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 Initiated CoverageOutperform$201.50+13.73%
6/13/2024Argus
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J. Eade
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Initiated CoverageBuy$190.00+7.03%
6/11/2024Citigroup
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 Initiated CoverageNeutral$183.00+9.80%
4/22/2024Melius
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 Initiated CoverageHold$147.00+8.81%
4/17/2024BNP Paribas
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 Initiated CoverageOutperform$177.00+30.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:09 AM ET.


GEV Forecast - Frequently Asked Questions

According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for GE Vernova is $243.78, with a high forecast of $308.00 and a low forecast of $147.00.

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for GE Vernova in the last twelve months. There are currently 7 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GEV shares.

According to analysts, GE Vernova's stock has a predicted downside of -9.56% based on their 12-month stock forecasts.

Over the previous 90 days, GE Vernova's stock had 3 upgrades and 2 downgrades by analysts.

Analysts like GE Vernova more than other "oils/energy" companies. The consensus rating score for GE Vernova is 2.75 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how GEV compares to other companies.


This page (NYSE:GEV) was last updated on 10/15/2024 by MarketBeat.com Staff
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