GE Vernova (GEV) Stock: Price Target Raised as Firm Responds to China Rare Earth Limits
TLDR
- GE Vernova is working with the U.S. government to increase stockpiles of rare earth yttrium after China restricted exports in April 2025
- The company has enough yttrium inventory to last through 2025 and into 2026, though exact timing wasn’t disclosed
- Bank of America raised its price target for GE Vernova stock from $725 to $804 while maintaining a Buy rating
- GE Vernova raised its 2028 guidance with expectations for $52 billion in revenue and 20% EBITDA margin
- The company’s total backlog is projected to reach $200 billion by 2028, up from the current $135 billion
Bank of America Securities lifted its price target on GE Vernova stock to $804 from $725 on Tuesday. The upgrade came after the gas turbine maker shared…
