Sep. 11 at 5:46 PM
GE Aerospace Nears a New Record
GE Aerospace shares rose 2.6%, closing at
$283.41—close to the all-time closing high of
$287.15 and intraday high of
$289.54 from 2000. Wall Street expects a new high soon, with an average price target of
$303.
The surge reflects the company’s turnaround and growth in commercial aerospace, with Boeing (BA) and Airbus (AIR) holding thousands of orders and estimated 1,400 jet deliveries in 2025. GE Aerospace is improving operations and margins, which rose from 16% to 21% between 2022 and 2024, projected to reach 22% by 2026.
Since CEO Larry Culp arrived in 2018, GE has rebounded from under
$35 per share. GE Aerospace alone would now be valued at roughly $ 320B, while the three GE companies combined are worth $ 510B, approaching the old GE record.
$GE $BA $AIR $SPX $DJIA