Melius Bullish on GE Vernova (GEV), Sees Strong Upside as AI Boosts Energy Needs

GE Vernova Inc. (NYSE:GEV) is one of the AI Stocks You Should Not Ignore. On September 15, Melius analyst Rob Wertheimer upgraded the stock to “Buy” from Neutral with a $740 price target. The research firm sees upside to estimates.

In an investor note, the analyst mentioned that the stock is up 5x from the spin, and there’s a lot significant potential for sell-side estimates to be revised upward moving towards 2027 and beyond underpinned by a durable expansion in power demand.

“What makes GE Vernova outperform from here? The stock is up 5x from spin, and obviously the world appreciates the AI story a bit more today.”’

According to the firm, strengthening artificial intelligence sector is a key driver for the company’s growth prospects, and that “the news just keeps getting better” regarding power demand.

Pricing power, the firm believes, is a significant factor, highlighting how “some of the price increases that follow the demand shock we are experiencing are hard to internalize.”

GE Vernova Inc. (NYSE:GEV) is a global energy company and a soaring AI stock driven by the demand for energy to power artificial intelligence technology.

While we acknowledge the risk and potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GEV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks Making Headlines This Week and 10 Trending AI Stocks on Wall Street.

Disclosure: None.