Evercore ISI maintained its "Outperform" rating and $1,350 price target for GE Vernova on October 1, 2026. This decision stems from stronger-than-expected order momentum. It also reflects an improved outlook for the company's third-quarter results.
The investment firm raised its 2027 and 2028 estimates for GE Vernova by 3% to 4%. It expects strength in the Electrification and Power segments. Analysts project surging demand for power grid infrastructure and gas turbines. This demand could help GE Vernova reach its $200 billion backlog goal sooner than anticipated in early 2027.