Street Calls of the Week
Investing.com - Mizuho has lowered its price target on GE Vernova (NYSE:GEV) to $660.00 from $677.00 while maintaining a Neutral rating on Friday. The stock, currently trading at $595.15, sits within a broader analyst target range of $420-$760, according to InvestingPro data.
The firm noted that GE Vernova’s management presented a more measured tone regarding potential gas capacity expansion, though they emphasized that services revenue should exceed previous cycle peaks.
According to Mizuho, these service revenue gains would be supported by pricing improvements, a larger installed base, and potentially stronger margins across GE Vernova’s operations.
The research firm increased its FY28 EBITDA estimate to $10.9 billion from a previous $10 billion, positioning its forecast above the consensus estimate of $9.2 billion, citing contributions from Prolec.
Mizuho’s 3% price target reduction reflects lower comparative multiples for GE Vernova’s wind, nuclear, and other business segments, partially offset by Prolec contributions and improved revenue growth and margins in the company’s Electrification division.
In other recent news, GE Vernova reported its third-quarter 2025 earnings, which showed a mixed financial performance. The company missed its earnings per share forecast, reporting $1.64 against an expected $1.86. However, it exceeded revenue expectations, bringing in $9.97 billion compared to the projected $9.16 billion. Goldman Sachs responded by raising its price target for GE Vernova to $735, maintaining a Conviction Buy rating due to strong quarterly results, particularly in the Electrification and Power segments. BMO Capital also increased its price target to $710, citing strong order momentum for gas turbines. RBC Capital raised its price target to $630, following the company’s robust third-quarter results and a significant acquisition. Meanwhile, TD Cowen slightly lowered its price target to $680, noting weaker wind orders despite positive updates in other areas. These developments highlight the varied analyst perspectives on GE Vernova’s recent performance and future potential.
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