GE Vernova (NYSE:GEV) Shares Up 1.9% on Analyst Upgrade

GE Vernova Inc. (NYSE:GEV - Get Free Report) shares shot up 1.9% on Tuesday after Royal Bank of Canada raised their price target on the stock from $285.00 to $376.00. Royal Bank of Canada currently has an outperform rating on the stock. GE Vernova traded as high as $337.70 and last traded at $335.28. 705,940 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 3,490,342 shares. The stock had previously closed at $328.98.The Top 5 Performing S&P 500 Stocks YTD in 2024GEV has been the subject of several other research reports. HSBC restated a "hold" rating and issued a $255.00 price objective (up from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Barclays upped their price target on shares of GE Vernova from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Evercore ISI lifted their price objective on shares of GE Vernova from $300.00 to $323.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Truist Financial raised their price target on GE Vernova from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Hsbc Global Res lowered GE Vernova from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $274.16.Read Our Latest Research Report on GE VernovaInstitutional Trading of GE VernovaGet in on GE Vernova: Bank of America and Jefferies Are BullishHedge funds and other institutional investors have recently bought and sold shares of the company. Castleview Partners LLC bought a new stake in shares of GE Vernova in the 3rd quarter worth approximately $28,000. Covestor Ltd raised its position in GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company's stock worth $31,000 after purchasing an additional 46 shares during the period. Darwin Wealth Management LLC purchased a new position in GE Vernova in the 3rd quarter worth $31,000. Prestige Wealth Management Group LLC lifted its stake in GE Vernova by 175.0% in the third quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company's stock worth $31,000 after purchasing an additional 77 shares during the last quarter. Finally, Planning Capital Management Corp boosted its position in GE Vernova by 1,000.0% during the third quarter. Planning Capital Management Corp now owns 143 shares of the company's stock valued at $36,000 after buying an additional 130 shares during the period. GE Vernova Stock PerformanceThe stock has a 50 day moving average price of $288.35 and a 200-day moving average price of $216.55. GE Vernova Company Profile (Get Free Report)MarketBeat Week in Review – 9/9 - 9/13GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.Recommended StoriesFive stocks we like better than GE VernovaStock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed2 Magnificent CEOs: Why Buy Stock in Any Company They Are RunningWhat is the Nasdaq? Complete Overview with History3 Stocks That Authorized $1 Billion Stock Buybacks to Boost ValueStock Market Sectors: What Are They and How Many Are There? Pure Storage's GenAI Pods and AI Trends Could Spark RecoveryThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ A “Thank You Gift” From Pres. Trump - Genius (From Colonial Metals) (Ad)Should you invest $1,000 in GE Vernova right now?Before you consider GE Vernova, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.While GE Vernova currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here