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Investing.com - BMO Capital has reiterated its Outperform rating on GE Vernova (NYSE:GEV) while raising its price target to $631.00 from $561.00. The stock, currently trading near its 52-week high of $633.72, has delivered an impressive 287% return over the past year.
The firm cited strong results and order flows as continued proof points of additional positive momentum in the company’s long-term margin opportunity.
BMO noted that management is taking action to reinvest more aggressively to boost productivity, which could potentially drive long-term margins even higher than current projections.
The analyst highlighted that GEV’s current margins are already approaching the company’s "by 2028" outlook, with potentially more improvement to come as equipment margin accretion in the backlog is expected to deliver results in 2026 and beyond.
Despite acknowledging limited implied upside to the new price target following recent stock volatility, which saw shares rise approximately 15% on technical, industry, and macro dynamics, BMO maintains that GE Vernova will outperform in the long term.
In other recent news, GE Vernova reported its second-quarter earnings for 2025, significantly exceeding expectations with an earnings per share (EPS) of $1.86, compared to the forecasted $1.50. The company’s revenue reached $12.4 billion, surpassing the anticipated $8.8 billion, showcasing a strong financial performance. Following these results, Citi raised its price target for GE Vernova to $670, maintaining a Neutral rating, while Jefferies increased its target to $620 with a Hold rating. BofA Securities also raised its price target to $725, maintaining a Buy rating and citing improving pricing conditions in the Gas Power services segment.
Wolfe Research reiterated its Peerperform rating for GE Vernova, highlighting the company’s strong position in the energy transition sector. The firm noted GE Vernova as a top-3 player in Gas, Onshore Wind, and Transmission & Distribution equipment and services, which are expected to drive sales growth through the end of the decade. These recent developments reflect a positive outlook for GE Vernova, as analysts adjust their price targets and ratings based on the company’s robust earnings and strategic positioning in key sectors.
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