Daiichi Sankyo and Merck report phase 2 trial results for lung cancer drug
General Electric (GE) stock reached a new 52-week high, climbing to 281.52 USD, capping an impressive year-to-date gain of 66%. According to InvestingPro data, the company maintains a GOOD financial health score, though current valuations suggest the stock may be trading above its Fair Value. This milestone marks a significant achievement for the company, reflecting a robust performance over the past year. GE Aerospace, a key division of the conglomerate, has seen its stock price surge by an impressive 71.69% over the last 12 months. With a market capitalization of $298 billion and analyst targets ranging from $266 to $343, professional investors maintain a strong buy consensus on the stock. InvestingPro subscribers can access 14 additional key insights about GE’s performance and valuation metrics. This upward trajectory underscores investor confidence in GE’s strategic direction and operational efficiency. The stock’s recent high is indicative of the company’s strong market position and its ability to capitalize on growth opportunities in the aerospace sector. For detailed analysis and comprehensive insights, investors can access GE’s Pro Research Report, available exclusively on InvestingPro, which provides in-depth coverage of one of America’s most iconic industrial companies.
In other recent news, GE Aerospace announced a strategic partnership with BETA Technologies to develop a hybrid electric turbogenerator for Advanced Air Mobility applications. As part of this collaboration, GE Aerospace will invest $300 million in BETA Technologies, pending regulatory approval, granting them the right to appoint a director to BETA’s board. Additionally, General Electric successfully closed a $2 billion senior notes offering, issuing $1 billion in notes due 2030 and another $1 billion due 2036. Citi has raised its price target for GE Aerospace to $309, maintaining a Buy rating, following the company’s better-than-expected second-quarter results and updated fiscal year 2025 guidance. UBS also increased its price target to $321, citing strong market demand and GE’s robust market position. TD Cowen raised its target to $300, highlighting the company’s improved 2028 EBIT target and strong aerospace aftermarket performance. These developments reflect a positive outlook from analysts on GE Aerospace’s financial performance and strategic initiatives.
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