Jan. 12 at 1:33 PM
Wall Street is increasingly divided on GE Vernova after the stock received both the highest price target on Wall Street and a rare downgrade within days. GLJ Research raised its target to
$1,087, citing accelerating business momentum, fully booked gas turbine production through 2028, and strong growth in the company’s services and electrification segments. The firm also projects earnings well above current consensus estimates.
In contrast, Baird downgraded the stock to Hold, arguing that rising competition and the risk of oversupply could weigh on longer-term returns as more companies enter the power generation market. While analysts broadly agree that GE Vernova’s fundamentals are strong today, uncertainty remains over how long the current boom can be sustained.
$GEV