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Investing.com - Mizuho has raised its price target on GE Vernova (NYSE:GEV) to $677.00 from $670.00 while maintaining a Neutral rating on the stock. The new target approaches GEV’s 52-week high of $677.29, with the stock showing remarkable strength through a 142.4% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.
The $7 increase, representing approximately 1% growth in the target, comes despite Mizuho’s projection of lower onshore wind sales and reduced profitability for the company in 2026.
Mizuho also cited a lower wind EBITDA multiple in its analysis, though these negative factors were more than offset by electrification multiple expansion, leading to the overall price target increase.
The firm’s fiscal year 2025 estimates for GE Vernova remain unchanged, with third-quarter revenue and adjusted EBITDA expected to align with management’s previous commentary.
Mizuho anticipates potential upside revisions to GE Vernova’s 2025 guidance and projects strong bookings for the company’s power and electrification segments.
In other recent news, GE Vernova has announced a quarterly dividend of $0.25 per share, payable in November 2025, as declared by its Board of Directors. Meanwhile, the company has launched its MDS Orbit industrial wireless platform in collaboration with Verizon, aiming to enhance utilities’ capabilities in monitoring and managing electrical grid infrastructure. On the analyst front, Rothschild Redburn has downgraded GE Vernova to a Sell rating, citing concerns over the company’s long-term margin expectations. Jefferies has also adjusted its price target for GE Vernova from $668 to $658, maintaining a Hold rating and noting potential positive seasonality in the fourth quarter. In contrast, Baird has kept its Outperform rating with a $706 price target, emphasizing the significance of aeroderivative turbines in augmenting GE Vernova’s Gas business. These developments reflect a mix of strategic initiatives and varied analyst perspectives on GE Vernova’s future performance.
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