Julien Dumoulin Smith, an analyst from Jefferies, maintained the Buy rating on GE Vernova Inc. (GEV – Research Report). The associated price target was raised to $418.00.
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Julien Dumoulin Smith has given his Buy rating due to a combination of factors that highlight GE Vernova Inc.’s strong potential for growth and stability. The company is expected to benefit from robust demand in the Power and Electrification sectors, which is anticipated to drive improvements in EBITDA margins. Additionally, GE Vernova’s revenue obligations are substantial, providing a significant cushion for future earnings and offering long-term stability.
Furthermore, the company’s exposure to tariff risks is considered limited, with less than 5% of materials sourced from countries like China, Mexico, and Canada. This limited exposure, along with a strong backlog and new deals in the pipeline, such as a memorandum of understanding with Iraq for gas turbines, supports the positive outlook. The analyst also sees potential for upside in revenue and EBITDA by 2028, driven by operational leverage and a favorable mix of services revenue, prompting an increase in the price target.
According to TipRanks, Dumoulin Smith is a 4-star analyst with an average return of 1.9% and a 51.92% success rate. Dumoulin Smith covers the Utilities sector, focusing on stocks such as Hawaiian Electric, Alliant Energy, and American Water.
In another report released on April 14, RBC Capital also maintained a Buy rating on the stock with a $445.00 price target.