Bank of America Securities Keeps Their Buy Rating on GE Vernova Inc. (GEV)
In a report released today, Andrew Obin from Bank of America Securities reiterated a Buy rating on GE Vernova Inc., with a price target of $1,095.00.
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According to TipRanks, Obin is a 5-star analyst with an average return of 18.2% and a 66.67% success rate. Obin covers the Industrials sector, focusing on stocks such as Eaton, Vertiv Holdings, and 3M.
In addition to Bank of America Securities, GE Vernova Inc. also received a Buy from Susquehanna’s Charles Minervino in a report issued on April 9. However, today, Citi maintained a Hold rating on GE Vernova Inc. (NYSE: GEV).
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 23 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.
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