GE Vernova price target raised to $840 from $735 at Goldman Sachs

Core Viewpoint - Goldman Sachs analyst Joe Ritchie has raised the price target for GE Vernova (GEV) to $840 from $735 while maintaining a Buy rating on the shares, indicating a positive outlook for the company in the power market [1]. Group 1: Financial Projections - GE Vernova's 2028 targets have been significantly revised upwards, projecting $52 billion in revenue [1]. - The company anticipates achieving a 20% adjusted EBITDA margin by 2028 [1]. - GE Vernova expects to generate at least $22 billion in cumulative free cash flow from 2025 to 2028 [1]. Group 2: Market Position - The power market is seen as being at an early inflection point, with GE Vernova positioned as a leading option for investors seeking exposure [1].