GE Vernova (NYSE:GEV) Coverage Initiated at BNP Paribas

Investment analysts at BNP Paribas initiated coverage on shares of GE Vernova (NYSE:GEV) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set an “outperform” rating and a $177.00 price target on the stock. BNP Paribas’ price objective indicates a potential upside of 30.85% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of GE Vernova in a research note on Friday, April 12th. The Goldman Sachs Group started coverage on GE Vernova in a research note on Tuesday. They set a “buy” rating and a $154.00 target price on the stock. JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price on the stock in a research note on Monday, April 8th. Mizuho started coverage on GE Vernova in a research note on Monday. They set a “buy” rating and a $154.00 target price on the stock. Finally, Raymond James began coverage on GE Vernova in a research note on Wednesday. They set an “outperform” rating and a $160.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $157.67.

GE Vernova Trading Up 4.0 %

GEV stock traded up $5.20 during midday trading on Wednesday, hitting $135.27. The company had a trading volume of 4,988,259 shares, compared to its average volume of 8,121,972. GE Vernova has a 52 week low of $115.00 and a 52 week high of $152.48.

Institutional Investors Weigh In On GE Vernova

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. bought a new stake in shares of GE Vernova (NYSE:GEV) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,428 shares of the company’s stock, valued at approximately $1,720,000.

About GE Vernova

GE Vernova is an energy company which includes Power, Wind and Electrification segments and is supported by its accelerator businesses of Advanced Research, Consulting Services and Financial Services. GE Vernova is headquartered in Cambridge, Massachusetts.