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Ge Vernova has ‘room to run’ – JPMorgan and RBC Capital By


With GE Vernova (GEV) beginning trading on the NYSE under the ticker GEV on Tuesday, analysts at JPMorgan and RBC Capital have initiated coverage of the stock.

RBC started the stock at Outperform with a $160 price target. The firm told investors in a note that it has “room to run.”

“GEV participates across the electrification value chain providing the company with unique perspective and enables it to be an early mover in responding to the growing complexity and demand of electrical networks,” said RBC.

“We see a path to 10% EBITDA margins by YE26, a year ahead of guide, and upside to longer-term growth targets with execution and increasing demand for electrification.”

Meanwhile, analysts at JPMorgan started the stock at Neutral with a $141 per share price target.

The bank said GEV is a “core long-term holding for investors seeking exposure to the electrification trend, with scarcity value driven by the company’s diversification and relative exposure to the US.”

Analysts also believe the margin turnaround is already underway, initiated by new leadership. However, with the stock trading near JPMorgan’s year-end 2024 price target, they “believe investors can look for a pullback before potentially adding more aggressively to positions.”


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