GE Vernova price target raised to $522 from $381 at BMO Capital

BMO Capital raised the firm’s price target on GE Vernova (GEV) to $522 from $381 and keeps an Outperform rating on the shares. The firm is raising its 2028, 2029, and 2030 EBITDA estimates by 8.5%, 14.5% and 18% respectively and notes that while the stock’s 54% QTD run has produced a valuation premium on near-term metrics, the scale investment in AI related infrastructure continues to increase and is increasingly global as evidenced by recent MOU of up to $14.2B, the analyst tells investors in a research note.