Where General Electric Stands With Analysts
Portfolio Pulse from Benzinga Insights
General Electric (NYSE:GE) has received diverse analyst ratings over the last three months, with a shift towards more bullish sentiments. The average 12-month price target for GE has increased to $172.18, marking a 12.73% rise from the previous target. Analysts from firms like Wells Fargo, Goldman Sachs, and UBS have raised their price targets, reflecting optimism about GE's market performance and financial health. GE's strong financial indicators, including a 15.43% revenue growth, an 8.2% net margin, and a 5.68% ROE, support the positive outlook. The company, known for its aerospace engines and wind turbines, is undergoing a breakup led by CEO Larry Culp.
March 27, 2024 | 2:00 pm
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General Electric has seen a positive shift in analyst ratings with an increased average 12-month price target of $172.18. Financial health indicators such as revenue growth and net margin are strong, supporting a bullish outlook.
The increase in GE's average 12-month price target by analysts, coupled with strong financial performance indicators such as revenue growth and net margin, suggests a bullish outlook for the stock. Analysts from reputable firms raising their price targets further supports this positive sentiment. Given GE's strategic moves and market position, the short-term impact on its stock price is likely to be positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100