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General Electric - Analysts' Recommendations and Stock Price Forecast (2024)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
Consensus Rating
Moderate Buy
Based on 15 Analyst Ratings
Based on 15 Wall Street analysts who have issued ratings for General Electric in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a hold rating, and 14 have given a buy rating for GE.
Consensus Price Target
$191.14
5.34% Upside
| High Forecast | $211.00 |
|---|---|
| Average Forecast | $191.14 |
| Low Forecast | $160.00 |
According to the 15 analysts' twelve-month price targets for General Electric, the average price target is $191.14. The highest price target for GE is $211.00, while the lowest price target for GE is $160.00. The average price target represents a forecasted upside of 5.34% from the current price of $181.46.
| Type | Current Forecast 9/17/23 to 9/16/24 | 1 Month Ago 8/18/23 to 8/17/24 | 3 Months Ago 6/19/23 to 6/18/24 | 1 Year Ago 9/17/22 to 9/17/23 |
|---|---|---|---|---|
| Consensus Rating | ModerateBuy | ModerateBuy | ModerateBuy | ModerateBuy |
| Strong Buy | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) | 0 Strong Buy rating(s) |
| Buy | 14 Buy rating(s) | 13 Buy rating(s) | 14 Buy rating(s) | 10 Buy rating(s) |
| Hold | 1 Hold rating(s) | 1 Hold rating(s) | 1 Hold rating(s) | 3 Hold rating(s) |
| Sell | 0 Sell rating(s) | 0 Sell rating(s) | 0 Sell rating(s) | 0 Sell rating(s) |
| Consensus Price Target | $191.14 | $190.38 | $181.48 | $150.36 |
| Forecasted Upside | 5.34% Upside | 18.81% Upside | 16.24% Upside | 14.50% Upside |
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GE Analyst Recommendations By Month
The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
GE Price Targets by Month
The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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General Electric Stock vs. The Competition
| Type | General Electric | Transportation Companies | S&P 500 |
|---|---|---|---|
| Consensus Rating Score | 2.93 | 2.56 | 2.50 |
| Consensus Rating | Moderate Buy | Moderate Buy | Moderate Buy |
| Predicted Upside | 5.34% Upside | 31.95% Upside | 7.93% Upside |
| News Sentiment Rating | Positive News | Positive News | Positive News |
Recent Analyst Forecasts and Stock Ratings
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| Date | Brokerage | Analyst Name | Action | Rating | Price Target | Upside/Downside on Report Date | Details |
|---|---|---|---|---|---|---|---|
| 9/10/2024 | Sanford C. Bernstein 4 of 5 stars | D. Harned Subscribe to MarketBeat All Access for the recommendation accuracy rating | Initiated Coverage | Outperform | $201.00 | +21.56% | |
| 7/30/2024 | Barclays 3 of 5 stars | Boost Target | Overweight ➝ Overweight | $175.00 ➝ $200.00 | +17.72% | ||
| 7/24/2024 | Royal Bank of Canada 4 of 5 stars | K. Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Outperform ➝ Outperform | $175.00 ➝ $190.00 | +14.84% | |
| 7/24/2024 | Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Overweight ➝ Overweight | $192.00 ➝ $205.00 | +22.35% | ||
| 7/1/2024 | UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $201.00 ➝ $209.00 | +31.41% | ||
| 6/28/2024 | Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $185.00 ➝ $190.00 | +19.24% | ||
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| 6/10/2024 | Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $195.00 ➝ $209.00 | +28.30% | ||
| 5/13/2024 | Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Overweight ➝ Overweight | $148.00 ➝ $175.00 | +8.50% | ||
| 4/25/2024 | Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $120.43 ➝ $186.00 | +15.34% | ||
| 4/24/2024 | Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $170.00 ➝ $180.00 | +12.97% | ||
| 4/24/2024 | Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $165.00 ➝ $180.00 | +13.63% | ||
| 4/24/2024 | The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Buy ➝ Buy | $190.00 ➝ $211.00 | +34.77% | ||
| 4/9/2024 | TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating | Upgrade | Hold ➝ Buy | $175.00 ➝ $180.00 | +15.00% | ||
| 4/4/2024 | Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating | Initiated Coverage | Buy | $160.00 | +9.87% | ||
| 3/5/2024 | Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating | Reiterated Rating | Market Perform ➝ Market Perform | ||||
| 8/10/2023 | Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | Overweight ➝ Overweight | $152.87 ➝ $156.62 | +11.44% | ||
| 6/28/2023 | Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating | Boost Target | $134.07 ➝ $156.62 | +19.14% | |||
Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 10:20 PM ET.
GE Forecast - Frequently Asked Questions
What is General Electric's forecast for 2024?
According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for General Electric is $191.14, with a high forecast of $211.00 and a low forecast of $160.00.
Should I buy or sell General Electric stock right now?
15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for General Electric in the last year. There is currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GE shares.
Does General Electric's stock price have much upside?
According to analysts, General Electric's stock has a predicted upside of 19.01% based on their 12-month stock forecasts.
What analysts cover General Electric?
General Electric has been rated by research analysts at Barclays, Jefferies Financial Group, Royal Bank of Canada, Sanford C. Bernstein, UBS Group, and in the past 90 days.
Do Wall Street analysts like General Electric more than its competitors?
Analysts like General Electric more than other "transportation" companies. The consensus rating score for General Electric is 2.93 while the average consensus rating score for "transportation" companies is 2.56. Learn more on how GE compares to other companies.
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This page (NYSE:GE) was last updated on 9/16/2024 by MarketBeat.com Staff
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