BofA Securities analyst Andrew Obin maintains $GE Vernova (GEV.US)$ with a buy rating, and maintains the target price at $320.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 12.9% 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 has observed strong year-over-year bookings within GE Vernova's Power and Electrification segments, which underscore the robust demand environment. The firm also indicates that there's a potential for the Power business to approach an EBITDA margin of around 20%.
Following GE Vernova's Q3 results, the company's adjusted EBITDA estimate for 2026 has been applied with a higher multiple to mirror the re-rating higher of its peers and the company's more rapid earnings growth trajectory.
The firm holds the view that GE Vernova's Q3 outcomes were sufficiently strong to sustain the stock's recent performance. Anticipation surrounding demand and pricing within the Power and Electrification segments is likely to keep investor attention leading up to the investor event scheduled for December 10. During this event, updates to long-term growth and margin targets are anticipated. The firm also maintains the stance that GE Vernova is subject to comparatively lower U.S. election risk in relation to other companies within its coverage scope.
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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