GE Vernova Inc.: Strong Growth Potential and Strategic Positioning in AI and Power Sectors Justifies Buy Rating

Analyst Mark Strouse from J.P. Morgan maintained a Buy rating on GE Vernova Inc. and increased the price target to $620.00 from $460.00.

Mark Strouse has given his Buy rating due to a combination of factors that highlight GE Vernova Inc.’s potential for growth and strong market positioning. Strouse anticipates that despite a possible temporary slowdown in Power firm orders for the second quarter, the demand for slot reservations and management’s commentary will remain strong. This is expected to be driven by recent investments in AI infrastructure and management’s optimistic outlook for fiscal year 2029, where GE Vernova is projected to experience pricing and margin improvements in its Gas Power segment.
Furthermore, Strouse points out that GE Vernova is well-positioned as a key player in the AI and power demand sectors, making it an attractive option for investors. The company’s strategic agreements and customer conversations extending into 2029, along with its focus on electrification and nuclear services, are seen as positive indicators. The valuation of GE Vernova, trading at a premium compared to its peers, is justified by its potential for above-average earnings growth and upcoming catalysts that could lead to positive estimate revisions. Strouse has set a year-end 2026 price target of $620, reflecting confidence in the company’s long-term growth prospects.

In another report released on July 10, Seaport Global also initiated coverage with a Buy rating on the stock with a $630.00 price target.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEV in relation to earlier this year.