JPMorgan cuts target for GE Vernova stock to USD 1,150.00
Published on 10/13/2026 at 17:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating figures
- JPMorgan cut its GE Vernova target from USD 1,330.00 to USD 1,150.00 on October 9, 2026.
- Second-quarter 2026 orders rose 88.00 percent to USD 24.20 billion.
- GE Vernova stock costs EUR 883.10 at Lang & Schwarz on October 13, 2026 at 5:14 p.m. CEST.
- GE Vernova will release third-quarter 2026 results on October 28, 2026.
GE Vernova (ISIN US36828A1016) was trading at EUR 883.10 at Lang & Schwarz on October 13, 2026 at 5:14 p.m. CEST after the Xetra close. According to MarketBeat on October 9, 2026, JPMorgan cut its price target from USD 1,330.00 to USD 1,150.00 while maintaining an overweight rating.
Results arrive on October 28
GE Vernova said on October 13, 2026 that it will release third-quarter 2026 financial results on October 28, 2026, before the NYSE open. The company will discuss the figures in a webcast at 7:30 a.m. ET, giving the calendar a clear near-term valuation point.
Orders reached USD 24.20 billion
In the second quarter of 2026, GE Vernova booked USD 24.20 billion of orders, an 88.00 percent increase from the same quarter a year earlier, according to the company's earnings-call transcript published by Yahoo Finance. The backlog reached USD 176.00 billion, up USD 13.00 billion from the prior quarter, while adjusted EBITDA rose 61.00 percent year over year to USD 1.20 billion.
The same transcript said first-half 2026 margins reached 10.50 percent, 3.60 percentage points above the first half of 2025. Management also raised full-year 2026 revenue guidance to USD 45.50 billion-USD 46.50 billion and free cash flow guidance to USD 11.50 billion-USD 12.50 billion.
Stock remains below its yearly high
On the NYSE, GE Vernova was last at USD 987.46 on October 13, 2026 at 11:24 a.m. ET. Its 52-week range was USD 530.16 to USD 1,195.94, while market capitalization stood at USD 263.0 billion and the price-to-earnings ratio was 28.41 on that timestamp.
JPMorgan's USD 1,150.00 target stands 16.46 percent above the USD 987.46 NYSE price. That comparison uses the same currency and frames the analyst change against the current home-market quotation rather than against the euro value at Lang & Schwarz.
Price and scheduled results
GE Vernova's euro quotation was EUR 883.10 at Lang & Schwarz on October 13, 2026 at 5:14 p.m. CEST, after the Xetra close. The next company reporting date is October 28, 2026, before the NYSE open.
The further course of trading is shown by the continuously updated real-time quote of GE Vernova stock.
GE Vernova market data
- Company: GE Vernova Inc.
- ISIN: US36828A1016
- Ticker: GEV
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 5:14 p.m. CEST): EUR 883.10
- Market capitalization: USD 263.0 billion (as of October 13, 2026)
- 52-week range: USD 530.16-USD 1,195.94 (as of October 13, 2026)
- Sector / Industry: Energy technology
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
