GE Vernova Inc. (GEV): Big Upside Target Meets Near-Term Caution

GE Vernova Inc. (NYSE:GEV) is among the stocks with the best earnings growth for the next 5 years. On January 12, Austin Wang from GLJ Research substantially increased the price target on GE Vernova Inc. (NYSE:GEV) to $1,087 from $805 and maintained a ‘Buy’ rating on the stock. Although the firm is lifting both its guidance and 12-month price target after investor day and ahead of Q4 results scheduled for January 28, it remains “increasingly cautious on the near-term picture,” due to “limited positive catalysts and negative rate of change for data center headline risk.”

Earlier on January 9, Baird reduced the price target on GE Vernova Inc. (NYSE:GEV) to $649.00 from $816.00, while downgrading the company to ‘Neutral’ from ‘Outperform.’ The research firm highlighted rising investor worries over a potential power capacity oversupply due to recent announcements from emerging peers.

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Although the market appears tight, particularly in the times ahead, these announcements and oversupply concerns are shifting sentiment around a widely held long position, the firm noted, adding that it continues to move GE Vernova Inc. (NYSE:GEV) “to the sidelines near term” in this dynamic market.

GE Vernova Inc. (NYSE:GEV) is a Massachusetts-based energy company providing various products and services that generate, transmit, convert, and store electricity. Incorporated in 2023, the company operates through three segments: Power, Wind, and Electrification.

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