Wells Fargo cuts target for GE Aerospace stock to USD 380.00
Published on 10/06/2026 at 09:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
GE Aerospace (ISIN US3696043013) was trading at EUR 273.85 at Lang & Schwarz on October 6, 2026 at 9:44 a.m. CEST, up 0.28 percent from the prior close of EUR 273.08. On September 30, 2026, MarketBeat reported that Wells Fargo cut its price target from USD 390.00 to USD 380.00 while keeping an Overweight rating. The lower target puts the focus on execution as GE Aerospace expands production capacity.
Wells Fargo trims its target
The target reduction followed a difficult share-price period for GE Aerospace, but Wells Fargo retained its positive rating. MarketBeat also cited a consensus average target of USD 386.67 and 16 Buy, three Hold and one Sell ratings.
The valuation debate comes alongside a major supply-chain investment. On September 8, 2026, GlobeNewswire published GE Aerospace's agreement to acquire Consolidated Precision Products for USD 11.75 billion, funded with USD 7.00 billion in cash and new debt for the balance.
Revenue grows as margins tighten
GE Aerospace reported USD 13.35 billion of GAAP revenue in the second quarter of 2026, up 21.10 percent from the same quarter a year earlier, according to StockTitan. GAAP profit reached USD 2.80 billion, up 17.00 percent, while the operating margin was 21.00 percent.
The company also raised its full-year 2026 outlook to adjusted earnings per share of USD 7.65-7.85 and operating profit of USD 10.55-10.75 billion. That guidance gives the market a measurable test for the CPP strategy, which GE Aerospace expects to make accretive to adjusted earnings per share and free cash flow in the first year.
Stock remains below its yearly high
GE Aerospace's primary listing is the NYSE, where it was last at USD 306.34 on October 5, 2026 at 4:00 p.m. EDT. The 52-week range was USD 268.91 to USD 388.84, and the market capitalization was USD 317.8 billion as of October 5, 2026.
The next earnings report is scheduled for October 20, 2026, according to Investing.com. The October 6 Lang & Schwarz quote stood at EUR 273.85, versus EUR 273.08 at the prior close, with the current move at plus 0.28 percent.
The further course of trading is shown by the continuously updated real-time quote of GE Aerospace stock.
GE Aerospace key data
- Company: GE Aerospace
- ISIN: US3696043013
- Ticker: GE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 6, 2026, 9:44 a.m. CEST): EUR 273.85
- Change versus prior close: plus 0.28 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 273.08
- Market capitalization: USD 317.8 billion (as of October 5, 2026)
- 52-week range: USD 268.91-388.84 (as of October 5, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: S&P 500
- Next earnings date: October 20, 2026
