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GE Vernova (GEV) shares have given back gains since July, but Guggenheim analyst Joseph Osha maintains a Street-high $1,450 price target, implying 64% upside.
GE Vernova (NYSE:GEV) shares have fallen 17.03% in the past month and 10.38% since its strong Q2 earnings report on July 22, currently trading at $882.17. Despite the pullback, Guggenheim analyst Joseph Osha raised his price target to a Street-high of $1,450, suggesting a 64% upside from current levels. Osha's bullish outlook is based on hyperscaler-driven demand for transformers and turbines, margin expansion from higher-priced backlog, and multi-decade cash flow from long-term service agreements.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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