14 Best IPO Stocks to Buy Right Now

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1. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 108

GE Vernova Inc. (NYSE:GEV) is one of the best IPO stocks to buy right now. On February 4, Baird analyst Ben Kallo upgraded GE Vernova to Outperform from Neutral and significantly raised the price target to $923 from $701. The firm asserted that the current energy infrastructure cycle is in its early stages, which positions GE Vernova as a primary beneficiary.

Based on recent channel checks, Kallo suggested that previous concerns regarding overcapacity are unlikely to manifest in the near or intermediate term. Furthermore, Baird contends that the company’s margin expansion is only just starting.

On January 30, Guggenheim upgraded GE Vernova Inc. (NYSE:GEV) to Buy from Neutral and established a $910 price target. The firm suggested that the market may be underestimating the company’s capacity for cash generation and capital returns, as well as the potential for further margin expansion within its electrification segment.

GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity in the US, Europe, Asia, the Middle East, and Africa. It has three segments: Power, Wind, and Electrification.

While we acknowledge the potential of GEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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