General Electric Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
General Electric (GE) is expected to report higher Q3 earnings of 56 cents per share, up from 35 cents per share a year ago. However, the company's revenue might decrease to $15.7 billion from $18.62 billion in the year-ago period. Several analysts have recently updated their price targets for GE, with the highest target set at $135 by Citigroup.
October 24, 2023 | 5:15 am
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GE's Q3 earnings are expected to increase, but revenue might decrease. Analysts have updated their price targets, with the highest at $135.
The expected increase in earnings could positively impact GE's stock price. However, the potential decrease in revenue might offset this positive impact. The updated price targets by analysts, especially the highest one at $135, indicate a positive outlook for the stock.
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IMPORTANCE 80
RELEVANCE 100