GE Vernova (NYSE:GEV) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Key Points

• JPMorgan cut its GE Vernova price target from $1,035 to $1,000 but maintained an “overweight” rating, implying 21.78% upside from the prior close.
• Analyst views vary widely: the consensus is “Moderate Buy” with an average target of $1,143.03, while GLJ Research reiterated a “Sell” rating and $540 target.
• GE Vernova shares rose 3.0% Wednesday to $821.16. Its latest quarter beat estimates, with earnings of $4.81 per share and revenue of $12.64 billion, up 26.8% year over year.

GE Vernova (NYSE:GEV - Get Free Report) had its price target reduced by JPMorgan Chase & Co. from $1,035.00 to $1,000.00 in a report released on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 21.78% from the company's previous close.

A number of other research analysts have also recently issued reports on GEV. Glj Research reaffirmed a "sell" rating and set a $540.00 price objective on shares of GE Vernova in a research note on Tuesday. Royal Bank Of Canada boosted their target price on GE Vernova from $1,225.00 to $1,230.00 and gave the company an "outperform" rating in a research note on Thursday, October 29th. Guggenheim lowered their target price on GE Vernova from $1,450.00 to $1,400.00 and set a "buy" rating for the company in a research note on Monday, November 2nd. BMO Capital Markets restated an "outperform" rating and set a $1,200.00 target price on shares of GE Vernova in a report on Thursday, October 29th. Finally, Mizuho raised their price target on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,143.03.

GE Vernova Trading Up 3.0%

Shares of GEV traded up $24.12 during mid-day trading on Wednesday, reaching $821.16. The company's stock had a trading volume of 1,641,133 shares, compared to its average volume of 2,779,269. GE Vernova has a 52 week low of $530.16 and a 52 week high of $1,195.94. The stock has a market cap of $217.34 billion, a PE ratio of 21.56, a P/E/G ratio of 2.70 and a beta of 1.25. The company's fifty day moving average price is $919.64 and its two-hundred day moving average price is $946.09. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22.

GE Vernova (NYSE:GEV - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. On average, analysts predict that GE Vernova will post 16.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Hedge funds have recently modified their holdings of the company. Parvin Asset Management LLC bought a new position in GE Vernova during the 2nd quarter valued at approximately $32,000. Strategic Wealth Advisors LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $35,000. Pingora Partners LLC bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $36,000. IMG Wealth Management Inc. purchased a new position in shares of GE Vernova during the second quarter valued at approximately $39,000. Finally, Miller Global Investments LLC increased its stake in shares of GE Vernova by 63.6% during the second quarter. Miller Global Investments LLC now owns 36 shares of the company's stock valued at $42,000 after buying an additional 14 shares during the period.

GE Vernova News Summary

Investors following GEV have been watching these news items:

• Positive Sentiment: Third-quarter orders rose 96% year over year to $29 billion. The company also reported a record $197 billion backlog and raised its 2026 revenue guidance, supporting visibility into future business. Article: GE Vernova's Orders Jumped 96% Article: GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week
• Positive Sentiment: The company plans to invest $34.5 million to expand Louisiana transformer manufacturing, positioning capacity for growing grid-equipment demand. Article: GE Vernova to spend $34.5M expanding Louisiana transformer manufacturing capacity
• Negative Sentiment: GLJ Research reaffirmed its “sell” rating and $540 price target, signaling a sharply more bearish view than the prevailing share price. Article: GLJ Research stock recommendations

GE Vernova Company Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century. The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.

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