GE Vernova (GEV) PT Raised to $400 at Truist Securities Ahead of Investor Event

Truist Securities analyst Jordan Levy raised the price target on GE Vernova (NYSE: GEV) to $400.00 (from $325.00) while maintaining a Buy rating.

The analyst said: "Ahead of GEV's investor event tmrw, we provide our thoughts on the setup/expectations, while upping our PT to $400 from $325 driven by an increase to our FY26E EBITDA/ continued favorable macro tailwinds that we believe will continue to drive demand particularly for GEV's gas power/electrification segments. We'll be looking for LT guidance of HSD rev growth/low-to-mid-teens EBITDA margins as the base expectation into tmrw alongside a potential dividend/share repurchase program. While we're generally optimistic ahead of the event, should GEV take a more conservative LT outlook/we see some selling on the release, we'd be buying a pullback.

: Adjusting our estimates to reflect our revised outlook on the company, we reiterate our Buy rating and increase our PT to $400 from $325, with our new price target derived from a forward EV/EBITDA multiple of 20x (16x prior & peers 18x) applied to our FY26E EBITDA of $4.76Bn ($4.62Bn prior & Street $4.73Bn)."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)