Wall Street Raises Price Target for GE Vernova to $1,237 Amid Mixed Financial Performance
Analysts have raised their average price target for GE Vernova (GEV) to $1,237 following a consistent upward trend in Wall Street's expectations over the past year. Despite this optimism, shares fell alongside an AI stock selloff in mid-September 2026 due to broader market concerns about rapid model development and hyperscaler spending slowdowns. GE Vernova’s financial performance has been volatile recently, with large swings in net income driven largely by one-time gains rather than core operations. For example, Q1 2026 saw a $4.75 billion net profit due to pretax M&A gains from the Prolec GE acquisition, while EBITDA—a more stable indicator of operational performance—continued its upward trend and reached $1.25 billion in Q2 2026. The company’s forward price-to-earnings multiple has dropped to around 44.7x, near a 12-month low but still above historical averages. Management also highlighted that only about 20% of its gas turbine contracts are tied to data centers, suggesting the core Power business is less exposed than feared.
Tickers: $GEV
Topics: AI stock selloff analyst price targets earnings performance GE Vernova