GE Vernova Upgraded to "Buy" by Jefferies

Deep News12-19

GE Vernova (GEV) rose 4.3% in late trading Thursday, benefiting from a rebound in the AI data center sector and an upgrade to "Buy" by Jefferies analysts.

In a research note released Thursday, Jefferies analysts stated: "We are upgrading to a Buy rating. We are more optimistic about the power business (gas pricing and service visibility) and electrification prospects, yet the stock has declined since the December 9 Analyst Day. Our price target is raised to $815, up from $736. Gas turbine pricing continues to deliver positive surprises, and the service business provides clear visibility into the mid-to-late 2030s, ultimately offsetting weakness in gas equipment operations."

The new target price is slightly above FactSet's consensus estimate of $753 and represents a roughly 23% premium to GE Vernova's Wednesday closing price. The stock has surged nearly 100% year-to-date in 2025.

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