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GE Vernova Inc. (NYSE:GEV) is one of the Best Multibagger Stocks to Buy for Long Term. On April 7, Goldman Sachs lifted its price objective on the company’s stock to $1,000 from $925, while keeping a “Buy” rating on the shares. The analyst added that the firm has been updating the models. This comes as part of the broader research note that previews the Q1 results among multi-industry names.
The analyst expects a robust quarter when it comes to orders, with Gas turbine orders of 7+ GW. Furthermore, the firm opines that the broader market is witnessing the early stages of the power market inflection.
In a different update, Barclays lifted its price objective on GE Vernova Inc. (NYSE:GEV)’s stock to $993 from $849, while keeping an “Overweight” rating. It adjusted its targets in the multi-industry group amidst the Q1 earnings preview. The analyst believes that the broader sector is exposed to more demand question marks.
GE Vernova Inc. (NYSE:GEV) is an energy company, which is engaged in offering various products and services that generate, transfer, orchestrate, convert, and store electricity.
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