GE Vernova Inc.: Sustained Demand and Growth Catalysts Drive Overweight Rating and Price Target Increase

Mark Strouse, an analyst from J.P. Morgan, maintained the Buy rating on GE Vernova Inc. (GEV – Research Report). The associated price target was raised to $460.00.

Mark Strouse’s rating is based on several key factors that highlight the potential for GE Vernova Inc.’s growth and profitability. The analyst has increased confidence in the sustained demand for gas-fired generation, leading to revised pricing assumptions for gas equipment. This adjustment reflects an expectation of higher costs, which could positively impact the company’s revenue.
Additionally, Strouse notes potential catalysts that could drive further growth, such as new order announcements and possible enhancements to the company’s fiscal year 2025 guidance, especially in the Power and Electrification segments. The stock’s current valuation is seen as attractive, given its premium to peers and the potential for above-average earnings growth. These factors contribute to the decision to maintain an Overweight rating and raise the price target to $460 by December 2025.

In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $445.00 price target.