Daiwa upgraded GE Vernova (GEV) to Buy from Outperform with a price target of $336, up from $245. The firm lifted its margin forecasts through 2028 following the Q3 report. Despite the Q3 results missing consensus estimates, GE Vernova’s story is about earnings beyond 2026 rather than short-term results, the analyst tells investors in a research note. Daiwa expects the stock momentum to sustain ahead of the December 10 investor day, when GE Vernova will update on its margin outlook and upcoming rate cut cycle. It sees an attractive valuation ahead of a “massive upcycle.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GEV:
- GE Vernova price target raised to $325 from $300 at Truist
- GE Vernova price target raised to $285 from $262 at RBC Capital
- GE Vernova price target raised to $301 from $256 at Morgan Stanley
- GE Vernova price target raised to $320 from $300 at BofA
- GE Vernova price target raised to $330 from $285 at JPMorgan
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
