GE Aerospace (GE) stock has had a volatile run, slipping 2.6% over the past week but climbing 8.2% in the last month and an impressive 69.1% over the past year. Wall Street’s analysts are firmly bullish, with a StrongBuy consensus and a 12‑month average price target of $373.42, implying meaningful upside from the last close at $334.14.
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Among the most closely watched voices is Douglas Harned of Bernstein, who reiterated his Buy rating on GE on March 3, 2026 and lifted his price target to $405.00, signaling further upside potential from recent levels. Harned, a 4‑star analyst ranked 1067 out of 12096 on TipRanks, boasts a success rate of about 60.39% and an average return of 15.20% per rating.
In his latest deep dive, Harned highlights a strengthening outlook for GE Aerospace’s Commercial Engine & Services business, especially in widebody engines like GEnx and GE90 where higher content and pricing are boosting estimates. He also expects narrowbody CFM56 engine shop visits to stay above 2,300 per year through at least 2030, as capacity constraints and strong demand push maintenance into future years.
Looking ahead, Harned sees LEAP engine services revenues reaching today’s CFM56 levels by 2030, with margins expanding thanks to revamped long-term service agreements and time‑and‑materials contracts. While the GE9X program is projected to produce peak losses of roughly $1 billion around 2030, he frames this as a short‑term investment backed by a 777X backlog of 634 aircraft that should deliver positive value over time.
The analyst is also more optimistic on the Defense & Propulsion Technologies segment, boosted by the shift of the aeroderivatives business into this unit and the growth tied to AI‑driven energy demand. He now forecasts slightly above‑consensus adjusted EPS of $7.47 for 2026 and a much stronger $10.39 by 2028, with free cash flow well ahead of peers’ estimates, helping justify a higher EV/EBITDA multiple and his new $405 target price. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.