GE Vernova (NYSE:GEV) Price Target Cut to $1,035.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut GE Vernova’s price target to $1,035 from $1,150 but maintained an “overweight” rating, implying approximately 16.3% upside from the stock’s reported $889.93 price.
• Analyst opinions remain broadly positive: GE Vernova has a “Moderate Buy” consensus rating and an average target of $1,148.20, despite Citigroup lowering its target to $1,000 with a “neutral” rating.
• Recent quarterly results exceeded expectations, with EPS of $4.81 versus $4.03 expected and revenue of $12.64 billion, up 26.8% year over year; however, investors remain focused on how quickly the company converts its sizable backlog into orders and revenue.

GE Vernova (NYSE:GEV - Get Free Report) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $1,150.00 to $1,035.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 16.30% from the stock's current price.

GEV has been the subject of a number of other reports. Citigroup reduced their price objective on shares of GE Vernova from $1,125.00 to $1,000.00 and set a "neutral" rating for the company in a report on Thursday. Royal Bank Of Canada raised their price target on shares of GE Vernova from $1,225.00 to $1,230.00 and gave the stock an "outperform" rating in a report on Thursday. Evercore reaffirmed an "outperform" rating and set a $1,350.00 price objective on shares of GE Vernova in a report on Thursday, October 1st. William Blair reaffirmed an "outperform" rating on shares of GE Vernova in a report on Monday, August 3rd. Finally, The Goldman Sachs Group raised shares of GE Vernova from a "buy" rating to a "market outperform" rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,148.20.

GE Vernova Trading Up 1.4%

Shares of NYSE:GEV traded up $11.90 during midday trading on Thursday, reaching $889.93. 3,469,234 shares of the company's stock were exchanged, compared to its average volume of 2,685,849. The stock has a market cap of $237.02 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 2.82 and a beta of 1.14. GE Vernova has a fifty-two week low of $530.16 and a fifty-two week high of $1,195.94. The firm's 50 day simple moving average is $939.01 and its two-hundred day simple moving average is $937.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The firm had revenue of $12.64 billion for the quarter, compared to the consensus estimate of $11.99 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The firm's revenue was up 26.8% on a year-over-year basis. As a group, sell-side analysts forecast that GE Vernova will post 15.04 EPS for the current fiscal year.

Institutional Investors Weigh In On GE Vernova

A number of hedge funds have recently made changes to their positions in the business. Trek Financial LLC boosted its position in shares of GE Vernova by 33.0% during the 3rd quarter. Trek Financial LLC now owns 347 shares of the company's stock worth $329,000 after purchasing an additional 86 shares in the last quarter. Woodmont Investment Counsel LLC increased its stake in GE Vernova by 24.4% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 291 shares of the company's stock worth $276,000 after acquiring an additional 57 shares during the last quarter. Traynor Capital Management Inc. grew its stake in GE Vernova by 23.9% in the 3rd quarter. Traynor Capital Management Inc. now owns 1,472 shares of the company's stock worth $1,399,000 after buying an additional 284 shares in the last quarter. Virtue Capital Management LLC boosted its holdings in shares of GE Vernova by 3.6% in the 3rd quarter. Virtue Capital Management LLC now owns 4,762 shares of the company's stock worth $4,526,000 after purchasing an additional 164 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $112,118,000.

More GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Q3 results exceeded expectations: GE Vernova reported adjusted earnings of $4.81 per share versus the $4.03 consensus estimate, while revenue reached $12.64 billion, up 26.8% year over year and above the $11.99 billion forecast. GE Vernova Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Backlog and guidance strengthened: Total backlog rose to approximately $197 billion, orders reportedly increased 96%, and management raised its 2026 outlook for the third consecutive quarter. The company also expanded its share-repurchase authorization and generated strong free cash flow. GE Vernova's $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
• Positive Sentiment: AI-related demand is improving pricing power: Customers are reserving gas-turbine production slots years in advance, helping drive reported price increases of roughly 50%. This could support margins and visibility in GE Vernova’s Power segment. AI Data Centers Have Driven Gas Turbine Prices Up 50%
• Positive Sentiment: $9 billion Trench acquisition expands the growth opportunity: Buying high-voltage equipment maker Trench Group would broaden GE Vernova’s Electrification portfolio and increase its exposure to grid expansion and rising electricity demand. Susquehanna maintained a Positive rating with a $1,250 target, while Bernstein reaffirmed Outperform with a $1,298 target. GE Vernova to Acquire Trench Group
• Neutral Sentiment: Analyst views are diverging: Citigroup reduced its price target from $1,125 to $1,000 and assigned a Neutral rating, although the revised target remains above the recent trading level. Citigroup GE Vernova rating
• Negative Sentiment: Investors remain concerned about order conversion: Despite the record backlog, new order signings and production-slot reservations reportedly fell short of elevated expectations, raising questions about backlog timing and quality. That concern has limited the stock’s response to the earnings beat and guidance increase. GE Vernova’s Reservations Are Turning Into Real Orders

GE Vernova Company Profile

GE Vernova Inc NYSE: GEV is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

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