Truist Financial analyst Jordan Levy maintains $GE Vernova (GEV.US)$ with a buy rating, and adjusts the target price from $300 to $325.
According to TipRanks data, the analyst has a success rate of 23.0% and a total average return of -22.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $GE Vernova (GEV.US)$'s main analysts recently are as follows:
The firm acknowledges a robust demand environment as evidenced by strong year-over-year bookings in Power and Electrification. It also suggests that a trajectory towards approximately a 20% EBITDA margin within the company's Power business could be potentially visible in the future.
Following the Q3 results, there's been an application of a higher multiple to the 2026 adjusted EBITDA estimate. This adjustment is to mirror the re-rating higher of peers and to acknowledge the company's more rapid earnings trajectory.
The company's Q3 results were deemed solid enough to sustain the recent uptick in the stock's performance. Anticipation for continued demand and favorable pricing in the Power and Electrification segments is likely to maintain investor eagerness leading up to the investor event scheduled for December 10. At this event, updates on long-term growth and margin targets are anticipated. It is also suggested that the company bears comparatively lower risk related to the U.S. election in contrast to other entities within the same coverage area.
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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