Wolfe Research analyst Myles Walton initiates coverage on $GE Vernova (GEV.US)$ with a buy rating, and sets the target price at $403.
According to TipRanks data, the analyst has a success rate of 61.6% and a total average return of 12.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GE Vernova (GEV.US)$'s main analysts recently are as follows:
In the context of a 'slightly brighter demand outlook' for short cycle industrial goods, it is anticipated that these items will represent a primary area of growth in 2025. Despite or perhaps due to peak earning levels, valuations for most stocks within this sector are approaching or have reached unprecedented highs.
Expectations are elevated regarding new long-term financial targets expected to be issued at an upcoming investor event. When combined with management's tendency for setting conservative targets, this may lead to potential disappointment. However, the commentary is anticipated to remain optimistic, being a key beneficiary of the U.S. electric load growth theme.
GE Vernova seems poised to capitalize on an uplift in electricity supply investment following a successful turnaround in most of its operations. Analysts observe potential for margin expansion to drive consensus surpassing results in 2026 and consider the investor update scheduled for December 10 as a likely catalyst for positive adjustments.
Note:
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