Evercore analyst Nicholas Amicucci initiates coverage on $GE Vernova (GEV.US)$ with a buy rating, and sets the target price at $385.
According to TipRanks data, the analyst has a success rate of 75.0% and a total average return of 14.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GE Vernova (GEV.US)$'s main analysts recently are as follows:
The short cycle industrial goods sector is anticipated to see a notable acceleration in 2025, partly due to a slightly improved demand outlook. Valuations for most stocks in this area are reaching or have reached all-time highs, influenced by peak earnings levels.
Expectations are elevated regarding new long-term financial targets expected to be issued at an upcoming investor event. When combined with management's cadence for setting conservative targets, this could lead to potential disappointment. However, it's anticipated that commentary will remain very optimistic, as the company is viewed as a key beneficiary of the U.S. electric load growth theme.
GE Vernova appears poised to gain from a surge in investments in electricity supply following a successful revamp of most of its operations. The potential for margin expansion may lead to surpassing the consensus forecasts in 2026 and later, with the investor update on December 10 potentially acting as a catalyst for favorable revisions.
Note:
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