These Analysts Boost Their Forecasts On GE Vernova After Better-Than-Expected Q1 Earnings

Benzinga04-23

GE Vernova Inc (NYSE:GEV) on Wednesday reported better-than-expected first-quarter financial results and raised its FY26 sales guidance above estimates.

Adjusted EPS was $2.06, topping the $1.88 estimate, while revenue of $9.339 billion exceeded the $9.173 billion consensus. GAAP diluted EPS was $17.44.

Revenue rose 16% year over year, with organic growth of 7%, while net income reached $4.7 billion, including $4.5 billion in pre-tax M&A gains primarily from Prolec GE.

CEO Scott Strazik said, “We had a solid start to 2026 as we continue to serve the growing, long-cycle electric power market. Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter.”

GE Vernova raised its full-year 2026 revenue outlook to $44.5 billion to $45.5 billion from $44.0 billion to $45.0 billion, versus a $44.474 billion estimate.

GE Vernova shares gained 1.9% to $1,149.41 in pre-market trading.

These analysts made changes to their price targets on GE Vernova following earnings announcement.

Baird analyst Ben Kallo maintained GE Vernova with an Outperform rating and raised the price target from $1,008 to $1,400.
BMO Capital analyst Ameet Thakkar maintained the stock with an Outperform rating and boosted the price target from $1,110 to $1,250.

Considering buying GEV stock? Here’s what analysts think:

Photo via Shutterstock

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