Barclays Sticks to Their Buy Rating for GE Vernova Inc. (GEV)

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on GE Vernova Inc., with a price target of $993.00.

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Mitchell covers the Industrials sector, focusing on stocks such as Eaton, nVent Electric, and Regal Rexnord. According to TipRanks, Mitchell has an average return of 13.8% and a 60.60% success rate on recommended stocks.

In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $896.00 price target.

Based on GE Vernova Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.96 billion and a net profit of $3.66 billion. In comparison, last year the company earned a revenue of $10.56 billion and had a net profit of $484 million

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GEV in relation to earlier this year. Last month, Steven Baert, the CPO of GEV sold 5,300.00 shares for a total of $4,505,000.00.