Evercore analyst James West maintains $GE Vernova LLC (GEV.US)$ with a buy rating, and adjusts the target price from $240 to $300.
According to TipRanks data, the analyst has a success rate of 38.5% and a total average return of -7.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GE Vernova LLC (GEV.US)$'s main analysts recently are as follows:
The entry rates and trends anticipated for 2025 may hold more significance than the latter half of 2024 updates in the context of the multi-industry group's third-quarter preview. The outlook for industrial capital expenditures appears to be lethargic, accompanied by residential trends that seem to be reaching their nadir.
GE Vernova's management has expressed a steadfast commitment to its Offshore Wind business, despite announcing intentions to reduce the business scale as the industry undergoes a period of adjustment. The possibility for growth and margin expansion over the forthcoming quarters and years is seen as providing significant potential for the company's shares, particularly at the onset of a power spending cycle.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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