FMP
Jan 24, 2025(Last modified: Jan 27, 2025)
General Electric (NYSE:GE) is a multinational conglomerate known for its diverse range of products and services, including aviation, power, renewable energy, and healthcare. GE Aerospace, a key division, focuses on commercial engines, services, defense, and propulsion units. The company competes with other aerospace giants like Boeing and Rolls-Royce.
On January 24, 2025, UBS maintained its "Buy" rating for GE, with the stock priced at $200.80. UBS also increased the price target for GE Aerospace from $215 to $235. This decision aligns with the recent surge in GE Aerospace shares, driven by impressive fourth-quarter results and a positive revenue outlook.
GE Aerospace shares recently broke out from a flag pattern, a technical chart formation indicating a continuation of the upward trend. Analysts project a price target of approximately $335, suggesting the current uptrend may persist until December. Investors should monitor key support levels around $170 and $150.
The company anticipates low-double-digit adjusted revenue growth for 2025, following a 10% increase last year. This growth is attributed to strong demand in its commercial engines, services, defense, and propulsion units. GE Aerospace shares rose by 6.6% due to these developments.
Currently, GE's stock is priced at $200.80, reflecting a 6.60% increase or $12.44. The stock has fluctuated between $198.10 and $207.65 today, with $207.65 marking its highest price over the past year. GE's market capitalization stands at approximately $217.32 billion, with a trading volume of 14,328,980 shares.
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