RBC Capital has increased its price target for GE Vernova (GEV) to $800.00 from $761.00 and left its Outperform rating intact. The stock is trading at $741.99, having returned 87.78% over the past 12 months.
RBC said the move reflects "another strong quarter ahead of expectations," noting signs of accelerating demand and favorable pricing dynamics that it expects to persist in the near term. Those operational signals have pushed the shares close to their 52-week high, even as InvestingPro analysis indicates the stock may currently be trading above its Fair Value.
RBC pointed to the acquisition of Prolec as a catalyst that is contributing to GE Vernova's performance sooner than the firm had modeled. The bank also highlighted favorable data on backlog equipment margin expansion, interpreting it as a potential indicator of margin upside for the Power segment in 2028.
In addition, RBC suggested the Prolec deal could help accelerate revenue growth and expand margins within GE Vernova's Electrification business over time, elements that were factored into the revised $800 price target.
Analyst activity around GE Vernova has been active following the company's fourth-quarter results. UBS raised its price target to $936, citing confidence that the company can exceed medium-term margin goals and consensus expectations. Jefferies lifted its target to $930, reflecting optimism about the firm's prospects.
TD Cowen adjusted its target to $780 and maintained a Buy rating, noting mixed performance across the Power complex. BMO Capital increased its price target to $785, referencing strong gas turbine orders and service agreements totaling 24 gigawatts that supported the revision. Oppenheimer raised its target to $871 while noting that ongoing challenges in the Wind business are affecting future guidance.
These revisions collectively indicate generally positive sentiment among sell-side analysts, with several firms increasing their valuations and projecting stronger margins and order activity, while also acknowledging segment-level headwinds in Wind and mixed results in parts of the Power business.
Below are concise takeaways and considerations for market participants assessing GE Vernova's recent analyst coverage and outlook.
- Price action: Shares at $741.99 after an 87.78% one-year gain.
- RBC rationale: Strong quarter, accelerating demand, favorable pricing, and Prolec contribution.
- Analyst momentum: Multiple firms raised targets, ranging from $780 to $936, with varying notes on margin prospects and segment performance.