This AI Power Play Is Up 70% This Year – And Analysts Believe It Can Climb Higher

• Oppenheimer said that GE Vernova would continue to benefit from better-than-expected demand and significant customer and geographic diversification.
• Baird raised the price target on the company to $1,400 from $1,008 and kept an ‘Outperform’ rating on the shares, indicating an upside potential of almost 22%. 
• On Thursday, GE Vernova reported a 16.3% jump in its quarterly revenue, and said that it expects full-year 2026 revenue to be in the range of $44.5 billion to $45.5 billion.

Energy company GE Vernova Inc. (GEV) soared to a record high of $1,181.95 in intraday trading on Thursday after the company posted stellar quarterly results and reinforced a surge in demand from AI data centers.

GEV stock has had a strong run this year, with shares rallying 69.16% so far. Despite the massive jump, Wall Street analysts are expecting the company to climb even further.

The company reported a 16.3% jump in quarterly revenue to $9.34 billion and said it expects full-year 2026 revenue to be in the range of $44.5 billion to $45.5 billion.

Following its results, the company received a slew of price target updates from Wall Street analysts, including Oppenheimer, RBC Capital, and Baird.

Street Consensus On GEV Stock

Oppenheimer raised the price target on GE Vernova to $1,303 from $1,139 and kept an ‘Outperform’ rating on the shares after its Q1 results. This indicates an upside potential of 13.4%. The firm said that the company would continue to benefit from better-than-expected demand and significant customer and geographic diversification. The research firm is also encouraged by management's methodical price increases that continue to drive operational efficiency.

RBC Capital also raised the price target on the energy company to $1,195 from $996 and kept an ‘Outperform’ rating on the shares. The analyst said that while valuations are high, there are no signs of weakness in the macro backdrop, noting that it is difficult to call a top when the firm believes consensus expectations will continue to trend higher.

Baird analyst Ben Kallo’s price target was the most optimistic on GEV stock on Wall Street. The analyst raised the price target to $1,400 from $1,008 and kept an ‘Outperform’ rating on the shares after updating its model following the Q1 results. The revised target indicates upside potential of almost 22% relative to the stock’s previous close.

Retail Stance On GE Vernova

On Stocktwits, retail sentiment around GEV stock was in the ‘extremely bullish’ territory at the time of writing amid ‘extremely high’ message volumes.

One user said that the company’s stock was “absurdly” overvalued, but they would continue to hold it in the long term.

GEV stock has surged more than 218% in the last year.

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