Morgan Stanley Boosts GE Vernova Price Target Amid AI Data Center Optimism
Morgan Stanley analysts have raised GE Vernova's price target by 21% to $511, maintaining an Overweight rating. The energy equipment manufacturer now trades at $504.35, with a bull case suggesting 45% upside potential to $727.
The upgrade reflects confidence in GEV's positioning for the AI data center boom, alongside pricing improvements in its gas segment and nuclear energy tailwinds. "Consistent indications of strong demand and elevated pricing" underscore the investment thesis.