GE Vernova Inc., the Industrials sector company, was revisited by a Wall Street analyst today. Analyst David Arcaro from Morgan Stanley maintained a Buy rating on the stock and has a $710.00 price target.
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David Arcaro has given his Buy rating due to a combination of factors that suggest a positive outlook for GE Vernova Inc. The recent insights from Siemens Energy’s Capital Markets Day highlighted a significant upward trend in global turbine demand, with expectations of around 100 GW annually from 2026 to 2035. This increase in demand is notably higher than previous levels and indicates a less cyclical market, which is favorable for GE Vernova’s future order intake and backlog trends.
Additionally, Siemens Energy’s plans to expand its gas turbine manufacturing capacity by 40% further support the potential for sustained growth in the industry. This expansion aligns with the strong electrification market outlook, which bolsters GE Vernova’s investment and growth prospects. The anticipation of GE Vernova’s upcoming analyst day on December 9th, where revised 2028 guidance targets may be announced, is seen as a potential catalyst for further positive developments in the company’s performance.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a $760.00 price target.
Based on the recent corporate insider activity of 25 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.