RBC Capital analyst Chris Dendrinos maintains $GE Vernova (GEV.US)$ with a buy rating, and adjusts the target price from $246 to $285.
According to TipRanks data, the analyst has a success rate of 38.1% and a total average return of 4.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GE Vernova (GEV.US)$'s main analysts recently are as follows:
GE Vernova has been experiencing strong demand, as evidenced by robust year-over-year bookings in Power and Electrification. This trend suggests that a significant EBITDA margin improvement within the company's Power business could be on the horizon.
Following the Q3 results, there has been an application of a higher multiple to the 2026 adjusted EBITDA estimate, which is reflective of peers' recent higher valuations and the company's accelerated earnings trajectory.
The analyst believes that GE Vernova's Q3 outcomes were satisfactory to sustain the stock's recent performance, and continued positive sentiment regarding demand and pricing in the Power and Electrification segments is likely to keep investor attention. This is particularly relevant as the market anticipates the December 10 investor event, which is expected to provide an update on long-term growth and margin objectives. Additionally, the analyst suggests that GE Vernova carries comparatively lower U.S. election risk relative to other companies under their coverage.
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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