GE Vernova (GEV) Gets Higher Price Targets from Wells Fargo and UBS

Core Insights - GE Vernova Inc. (NYSE:GEV) is recognized as one of the best large-cap stocks to invest in currently, with Wells Fargo raising its price target from $717 to $831, maintaining an Overweight rating due to improved sales and profit outlooks in its Power and Electrification segments [1] Financial Performance - Wells Fargo has increased its 2026 EBITDA forecast for GE Vernova from $5,460 million to $5,839 million, driven by anticipated increases in gas turbine prices and deliveries, along with a reduction in variable costs [2] - For 2028, Wells Fargo raised its EBITDA forecast from $8,879 million to $11,566 million, based on expectations of 24 gigawatts of annual gas turbine deliveries and increased revenue from grid equipment [3] Earnings Estimates - EPS estimates for GE Vernova have been increased by Wells Fargo from $13.03 to $14.05 for 2026 and from $23.29 to $31.39 for 2028, reflecting the company's strong growth potential [3] Analyst Ratings - UBS also raised its price target for GE Vernova from $760 to $835, maintaining a Buy rating, suggesting that the company's long-term guidance may be overly cautious, particularly regarding the Power business [4] - UBS believes that higher margins could contribute an additional $1 billion to earnings and sees potential for further growth post-2028, including approximately $10 billion in high-margin service revenue by the mid-2030s [5] Company Overview - GE Vernova Inc. operates in the energy equipment manufacturing and services sector, with segments including Power, Wind, and Electrification [5]