Why GE Vernova Stock Crushed it Today
An analyst reiterated his bullish take on the prominent engineering company.
Overview
GE Vernova (NYSE:GEV) is a clear and obvious buy! That, at least, is the assessment of one analyst tracking the stock, who reiterated his bullish outlook for the company's future on Thursday. That helped give the stock a significant lift, and it closed that trading session nearly 4% higher.
That analyst was Evercore ISI's Alex Virgo, who maintained his outperform (read: buy) recommendation on GE Vernova's equity. He also kept his $1,350-per-share price target intact; this anticipates upside of almost 37% from the stock's current level.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.