Bank of America Securities Remains a Buy on GE Vernova Inc. (GEV)

Bank of America Securities analyst Andrew Obin reiterated a Buy rating on GE Vernova Inc. today and set a price target of $916.00.

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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 a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $960.00 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. Earlier this month, Steven Baert, the CPO of GEV sold 5,300.00 shares for a total of $4,505,000.00.