Barclays Lifts GE Vernova’s (GEV) Price Target to $500, Keeps Overweight Rating

Barclays analyst Julian Mitchell raised the firm’s price target on GE Vernova, Inc. (NYSE:GEV) to $500 from $427 on May 30, keeping an Overweight rating on the shares.

The firm updated the rating because it sees a narrowing in end-market growth dispersion. This trend may lead to a narrowing of the dispersion of estimate revision momentum, which could eventually affect valuation multiples across the multi-industry sector.

The company’s recent release of strong fiscal Q1 2025 results also supports the upward revision of the price target. GE Vernova, Inc. (NYSE:GEV) reported orders worth $10.2 billion, reflecting an 8% organic growth prompted by a 16% growth in services and a 43% rise in Power equipment.

GE Vernova, Inc. (NYSE:GEV) also reported an 11% rise in revenue to $8.0 billion, with growth in equipment, services, and positive prices in all segments. It has a cash balance of around $8.1 billion and returned $1.3 billion in capital to shareholders.

GE Vernova, Inc. (NYSE:GEV) is an electric power industry with products and services that transfer, generate, convert, orchestrate, and store electricity. Its operations are divided into the Power, Wind, and Electrification segments.

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Disclosure: None.