Analyst Andrew Obin of Bank of America Securities reiterated a Buy rating on GE Vernova Inc. (GEV – Research Report), retaining the price target of $485.00.
Andrew Obin has given his Buy rating due to a combination of factors that highlight GE Vernova Inc.’s strong market position and future growth potential. Despite the stock’s volatility, GE Vernova has shown significant revenue visibility, with an estimated 88% of its 2025 revenue already in backlog by the end of 2024. This stability is further supported by the company’s ability to maintain its 2025 guidance, projecting $36-37 billion in revenue and a high-single-digit adjusted EBITDA margin.
Additionally, GE Vernova’s recent substantial order for gas turbines and the positive performance of its peer, Siemens Energy, reinforce confidence in the company’s prospects. The manageable exposure to tariffs and the positive impact of recent US deregulation actions on natural gas power generation further bolster the company’s outlook. These factors, combined with a favorable valuation and a price objective of $485, underpin Obin’s Buy rating for GE Vernova’s stock.
Obin covers the Industrials sector, focusing on stocks such as Vertiv Holdings, 3M, and Eaton. According to TipRanks, Obin has an average return of 8.4% and a 50.12% success rate on recommended stocks.
In another report released on April 17, Jefferies also maintained a Buy rating on the stock with a $418.00 price target.