Citigroup Raises GE Vernova PT to $544, Maintains Neutral Rating

Citigroup Raises GE Vernova PT to $544, Maintains Neutral Rating

Citigroup has raised its price target for GE Vernova (GEV) to $544 from $354, while maintaining a Neutral rating on the shares [1]. This adjustment was part of a broader Q2 earnings preview for the industrial conglomerate group. The firm expects solid earnings results across the sector and a slight increase in 2025 earnings outlooks.

The move by Citigroup reflects a positive outlook on GE Vernova's long-cycle portfolio and its unique position in the power generation market. The brokerage anticipates that supply scarcity for utility-scale gas turbines and increasing service-related demand will support elevated pricing and potentially drive earnings growth in the coming years [2].

GE Vernova's Power division, which represents 51% of 2024 revenue, has been identified as a key growth driver by several analysts. Seaport Global Securities, for instance, initiated coverage on GE Vernova with a Buy rating and a price target of $630.00, highlighting the company's strong position in the global gas turbine market and its potential for earnings growth fueled by AI and data center electricity demand [3].

The company's recent announcement of a potential sale of its Proficy industrial software business, with potential valuations reaching up to $1 billion, also reflects its strategic evaluation of business units. This development comes amid broader industry trends and analyst expectations of continued growth and margin expansion for GE Vernova [4].

Despite the positive outlook, Citigroup maintains a Neutral rating, indicating a balanced view on the stock's potential. This stance reflects the brokerage's assessment of GE Vernova's position in a competitive market and the need for cautious optimism.

References:
[1] https://www.tipranks.com/news/the-fly/ge-vernova-price-target-raised-to-544-from-354-at-citi-thefly
[2] https://za.investing.com/news/analyst-ratings/seaport-global-securities-initiates-ge-vernova-stock-with-buy-rating-93CH-3785190
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3TB1ED:0-ge-vernova-gains-as-citigroup-raises-pt/
[4] https://www.oedigital.com/news/527908-ge-vernova-reaches-10-5m-settlement-for-vineyard-wind-1-turbine-blade-incident