JPMorgan cuts target for GE Vernova stock to USD 1,150

Published on 10/12/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan's target fell from USD 1,330 to USD 1,150 on October 9, 2026. GE Vernova stock was EUR 893.80 at Lang & Schwarz on October 12, 2026.

Key points in brief

JPMorgan cut its GE Vernova price target from USD 1,330 to USD 1,150 on October 9, 2026, while retaining an Overweight rating.
Second-quarter 2026 orders rose 88 percent year over year to USD 24.2 billion, and backlog reached USD 176.0 billion.
GE Vernova stock stood at EUR 893.80 at Lang & Schwarz on October 12, 2026 at 12:32 p.m. CEST.
The company declared a USD 0.50 quarterly dividend payable on November 24, 2026.

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GE Vernova (ISIN US36828A1016) faced a lower JPMorgan price target on October 9, 2026, as the bank cut its target from USD 1,330 to USD 1,150 while retaining an Overweight rating, according to MarketBeat. The revision places valuation discipline alongside the company's strong order growth and expanding power backlog.

Three events shaped the stock

On July 22, 2026, GE Vernova booked USD 24.2 billion of orders in the second quarter, an 88 percent year-over-year increase, according to Yahoo Finance. On September 30, 2026, the company declared a USD 0.50 quarterly dividend, according to GE Vernova. On October 9, 2026, JPMorgan cut its target from USD 1,330 to USD 1,150 and kept its Overweight rating, as MarketBeat reported.

What supports the valuation?

GE Vernova's second-quarter revenue reached USD 11.10 billion, while adjusted EBITDA rose 61 percent year over year to USD 1.20 billion, according to Yahoo Finance. Adjusted EBITDA margin expanded by 340 basis points, showing that the order increase was accompanied by improved profitability rather than volume alone.

The second-quarter backlog stood at USD 176.0 billion, up USD 13.0 billion from the previous quarter, while management raised 2026 revenue guidance to USD 45.5 billion-USD 46.5 billion and free cash flow guidance to USD 11.5 billion-USD 12.5 billion, according to Yahoo Finance. The contrast between the operating figures and JPMorgan's target cut makes execution and valuation the central investor debate.

Dividend dates set the next checkpoint

GE Vernova's USD 0.50 dividend is payable on November 24, 2026, to shareholders of record on October 27, 2026, according to GE Vernova. Those dates add a defined cash-return event to the analyst debate around the stock.

GE Vernova stock at EUR 893.80

GE Vernova stock was trading at EUR 893.80 at Lang & Schwarz on October 12, 2026 at 12:32 p.m. CEST. The U.S. listing is NYSE: GEV, and its 52-week range was USD 530.16 to USD 1,195.94 as of October 9, 2026.

The further course of trading is shown by the continuously updated real-time quote of GE Vernova stock.