GE Aerospace (GE) a Strong Buy, Analysts See 17% Upside

Core Insights - GE Aerospace is recognized as one of the top 10 American defense stocks to buy, currently holding a Strong Buy rating with a one-year average share price target of $358.33, indicating a potential upside of 16.96% as of February 5 [1]. Financial Performance - The company reported an adjusted EPS of $1.57 for Q4, surpassing estimates by 14 cents and reflecting a 19% year-over-year increase [3]. - Quarterly adjusted revenue rose by 20% year-over-year to $11.87 billion [3]. Analyst Ratings and Market Sentiment - JPMorgan raised its price target for GE Aerospace from $325 to $335 following the company's Q4 earnings beat, maintaining an Overweight rating due to optimism about the company's fundamentals [2]. - Despite recent underperformance attributed to heightened expectations, analysts remain positive about the company's capabilities [2]. Strategic Investments - GE Aerospace announced plans to invest up to $300 million over the next five years to enhance its engine repair capabilities in Singapore [4]. - The company has an installed base of approximately 25,000 military and 45,000 commercial aircraft engines, indicating a significant market presence [4].