Mark Strouse, an analyst from J.P. Morgan, maintained the Buy rating on GE Vernova Inc.. The associated price target is $1,000.00.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mark Strouse has given his Buy rating due to a combination of factors that highlight GE Vernova Inc.’s promising growth prospects and financial performance. The company’s recent investor event revealed stronger-than-expected financial targets for its Power and Electrification segments, with significant order activity and pricing power that exceeded expectations. The company also plans to increase its gas power service capacity, providing better visibility into long-term margin expansion.
Additionally, the Electrification business is expected to double its backlog by 2028, and free cash flow targets have been significantly raised, indicating robust financial health. The company’s revenue and EBITDA margin targets for 2028 surpass consensus estimates, and the expansion in gas power throughput further supports this positive outlook. These factors, combined with the company’s strategic focus on electrification and its diversified end-market exposure, justify the premium valuation and support the Buy rating.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $804.00 price target.