In a report released today, Andrew Percoco from Morgan Stanley maintained a Buy rating on GE Vernova Inc. (GEV – Research Report), with a price target of $511.00.
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Andrew Percoco has given his Buy rating due to a combination of factors that suggest a promising future for GE Vernova Inc. The company has shown strong performance, outpacing broader market coverage, partly due to increased demand for AI power and favorable changes in tariffs, which are expected to boost earnings by 2025. Additionally, there is a positive outlook for nuclear energy following recent government actions.
Further supporting the Buy rating, GE Vernova is benefiting from robust gas turbine pricing, which is likely to sustain above-average revenue and margins. The company is also expected to see upward revisions in estimates beyond 2028, driven by more agreements with US utilities and a long-term contribution from service margins. Moreover, progress in nuclear development and the potential for increased capital returns due to rising free cash flow generation further enhance the investment case.
In another report released on June 11, Bank of America Securities also reiterated a Buy rating on the stock with a $550.00 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.