GE Vernova Inc. (NYSE:GEV) has recently been highlighted as one of the top large-cap stocks to invest in. Wells Fargo, a prominent research firm, has raised its price target on GE Vernova Inc. from $717 to $831, maintaining an Overweight rating. This adjustment is a result of the company’s strong performance in its Power and Electrification segments, indicating a positive sales and profit outlook.
Wells Fargo specifically pointed out GE Vernova Inc.’s robust performance amidst growing demand, which is driving prices and margins upwards. The research firm has increased its 2026 EBITDA forecast from $5,460 million to $5,839 million, citing an expected rise in gas turbine prices and deliveries in the latter half of 2026, along with reduced variable costs.
Looking ahead to 2028, Wells Fargo has raised its EBITDA forecast to $11,566 million, based on anticipated annual gas turbine deliveries of 24 gigawatts and increased revenue from grid equipment. Additionally, the firm has adjusted its EPS estimates for GE Vernova Inc. from $13.03 to $14.05 for 2026 and from $23.29 to $31.39 for 2028.
In a similar vein, UBS also increased its price target on GE Vernova Inc. from $760 to $835 with a Buy rating following the company’s analyst meeting in New York. UBS believes that the company’s long-term guidance may be too conservative, particularly for the Power business segment. While the guidance suggests a 34% incremental margin from 2025 to 2028, UBS sees the potential for 50% or more, which could translate to an additional $1 billion in earnings.
Furthermore, UBS foresees room for continued growth for GE Vernova Inc. beyond 2028, including approximately $10 billion in high-margin service revenue by the mid-2030s. GE Vernova Inc. is primarily engaged in energy equipment manufacturing and services, operating in Power, Wind, and Electrification segments.
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In conclusion, GE Vernova Inc. continues to attract positive attention from analysts and investors alike, with a promising outlook for future growth and profitability. As the company navigates the evolving energy landscape, its strategic initiatives and strong performance are positioning it well for sustained success in the years to come.
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