GE Vernova price target raised to $840 from $735 at Goldman Sachs

Goldman Sachs analyst Joe Ritchie raised the firm’s price target on GE Vernova (GEV) to $840 from $735 and keeps a Buy rating on the shares. The Power market appears to be at an early inflection point, with GE Vernova viewed as a leading way to gain exposure following a major upward revision to its 2028 targets, including $52B in revenue, a 20% adjusted EBITDA margin, and at least $22B of cumulative free cash flow from 2025-2028, the analyst tells investors in a research note.