Andrew Obin, an analyst from Bank of America Securities, reiterated the Buy rating on GE Vernova Inc. (GEV – Research Report). The associated price target remains the same with $485.00.
Andrew Obin has given his Buy rating due to a combination of factors, including GE Vernova Inc.’s proactive approach to handling tariff challenges and its strong financial performance. The company has effectively managed a significant tariff impact by adjusting pricing and diversifying suppliers, which has allowed it to maintain its 2025 guidance despite these headwinds. Additionally, GE Vernova’s impressive organic orders growth, particularly in the Power segment, and a substantial stock buyback further support the positive outlook.
Moreover, the company’s financial projections are robust, with above-consensus EBITDA estimates for 2025 and 2026, indicating strong revenue growth and margin expansion. The visibility in the Gas Power segment continues to improve, with significant turbine orders and backlog, suggesting sustained demand. The initiation of a quarterly dividend also enhances the income appeal of the stock, contributing to the Buy recommendation.
In another report released today, Barclays also maintained a Buy rating on the stock with a $427.00 price target.