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Benzinga
Benzinga
Business
Akanksha Bakshi

Analysts See Big Gains Ahead For GE Vernova, Raising Price Target To $620

GE GE Vernova Andrew Obin GEV Power
Stuttgart,,Germany,-,07-19-2024:,Smartphone,With,Website,Of,Us,Energy

BofA Securities analyst Andrew Obin reiterated a Buy rating on GE Vernova (NYSE:GEV) and increased the price target from $550 to $620.

The analyst forecasts GE Vernova to report $11.8 billion in orders for the second quarter of 2025, 6% higher than the consensus of $11.1 billion. This performance is primarily driven by Gas Power, which includes $5.8 billion from Power, $4.9 billion from Electrification, and $1 billion from Wind.

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