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Investing.com - BMO Capital raised its price target on GE Vernova (NYSE:GEV) to $710.00 from $690.00 on Thursday, while maintaining an Outperform rating on the stock. The company, currently valued at $156.8 billion, has demonstrated remarkable performance with a 114.8% return over the past year. According to InvestingPro analysis, GE Vernova appears to be trading above its Fair Value, with 12 additional exclusive insights available to subscribers.
The firm cited strong order momentum for gas turbines, noting that GE Vernova continues to see robust demand with more than 12 gigawatts of orders despite increasing competition from behind-the-meter power projects using smaller turbines.
BMO Capital indicated that service rate agreements (SRAs) are being priced higher, contributing to the company’s pricing power in the market.
Based on the firm’s estimates and company disclosures, BMO Capital expects turbine prices to continue growing at double-digit levels.
The price target increase reflects BMO’s confidence in GE Vernova’s market position and growth trajectory in the power generation sector.
In other recent news, GE Vernova reported its third-quarter 2025 earnings, revealing a mixed financial performance. The company missed its earnings per share (EPS) forecast, reporting $1.64 against an expected $1.86, but exceeded revenue expectations by bringing in $9.97 billion compared to the projected $9.16 billion. Despite the EPS miss, the company’s revenue growth has been a focal point for investors. Following these results, Goldman Sachs raised its price target for GE Vernova to $735 from $715, maintaining a Conviction Buy rating. The outperformance in segment EBITDA, which was $977 million, exceeded Goldman Sachs and consensus expectations by 7% and 11.5% respectively. Strength in the Electrification and Power segments contributed to this, beating consensus estimates by 12% and 11% respectively. Additionally, RBC Capital increased its price target on GE Vernova to $630 from $605, citing strong quarterly results and a "highly accretive acquisition" as key factors. These developments reflect analysts’ positive outlook on the company’s strategic initiatives and financial performance.
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