JP Morgan Cuts GE Vernova (GEV) Price Target to $1,150

JP Morgan has reaffirmed its Overweight rating on GE Vernova Inc. (NYSE: GEV) on October 9, 2026, lowering its price target from $1330 to $1150. This adjustment reflects the bank's view on the company's performance and market conditions.

JP Morgan's Call on GE Vernova

JP Morgan maintains its Overweight rating on GE Vernova, now targeting a price of $1150. The previous target was $1330. This reiteration suggests confidence in the company's long-term prospects despite the lowered target.

Other Institutional Activity in GE Vernova

Several other institutional investors have positions in GE Vernova. Blackrock Inc. holds 21,763,980 shares valued at about $20.0 billion, having increased its stake by 1,038,354 shares, a 5.0% change. Vanguard Capital Management LLC owns 17,552,000 shares worth approximately $16.2 billion, with a slight increase of 35,034 shares. State Street Corporation also increased its holdings by 370,338 shares, totaling 11,765,340 shares valued at around $10.8 billion. Meanwhile, FMR, LLC reduced its stake by 2,185,672 shares, now holding 16,150,499 shares valued at about $14.9 billion.

GE Vernova Inc. Stock Down 1.8%

As of October 16, 2026, GE Vernova's stock was recently traded around $924.47. This price is about 4.4% below its 50-day moving average and 22.7% below its 52-week high of $1,195.94. The stock is, however, 74.4% above its 52-week low of $530.16, indicating a strong recovery from earlier lows.

Recent Earnings

For the trailing twelve months, GE Vernova reported revenue of approximately $41.4 billion, reflecting a year-over-year revenue growth of 21.9%. The company has a net margin of 23.0% and a return on equity of 82.6%. Its next earnings report is due on October 28, 2026.

Insider Buying and Selling at GE Vernova Inc.

Recent insider transactions include sales by several officers. Chief Financial Officer Kenneth Scott Parks sold 3,300 shares at an average price of $620 on August 26, 2025, totaling about $2.05 million. Officer Steven Baert sold 5,300 shares at $850 on March 3, 2026, valued at $4.5 million. Officer Matthew Joseph Potvin sold 2,333 shares at an average price of $1,059.09 on May 14, 2026, amounting to approximately $2.47 million. Another officer, Victor Abate, sold 4,819 shares at $948.08 on June 1, 2026, generating about $4.57 million.

Analysts Set New Price Targets

On October 9, 2026, JP Morgan maintained its Overweight rating on GE Vernova with a new price target of $1150. Mizuho also held a Neutral rating with a target of $949 on July 27, 2026. The consensus among analysts shows a mean price target of $1223.98 based on 33 opinions, with a recommendation key indicating a buy.

About GE Vernova Inc.

GE Vernova Inc. is an energy company based in Cambridge, MA, focusing on various products and services that generate and manage electricity. It operates in segments such as Power, Wind, and Electrification, serving customers across the globe. This recent analyst call highlights the company's ongoing efforts in the energy sector and its position in the market.

Bottom Line

Investors will be watching GE Vernova closely, especially with its next earnings report scheduled for October 28, 2026. The adjustments in analyst ratings and targets could influence future trading decisions as the company continues to navigate market conditions.