Is GE stock ever going to recover?
Highlights and Key Points: GE Stock Forecast 2024-2030
Bottom line: GE stock is not a buy right now. Over the long term, buying an index fund, such as SPDR S&P 500 (SPY), would have delivered safer, higher returns than buying GE stock. However, shares have outperformed since mid-2022 as General Electric revived growth and transformed into an aerospace-focused company.
GE Stock 12 Month Forecast
Based on 15 Wall Street analysts offering 12 month price targets for GE Aerospace in the last 3 months. The average price target is $183.47 with a high forecast of $211.00 and a low forecast of $160.00. The average price target represents a 17.70% change from the last price of $155.88.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 274.93 | 76.37% |
| 2026 | $ 484.91 | 211.08% |
| 2027 | $ 855.26 | 448.67% |
| 2028 | $ 1,508.46 | 867.71% |
GE Stock Price Forecast 2024-2025
The forecasted GE price at the end of 2024 is $216 - and the year to year change +69%. The rise from today to year-end: +35%. In the middle of 2024, we expect to see $167.
General Electric stock is expected to increase in value, ranging between $170 and $253. Forecasts for 2025. GE's price range is between $255 and $470 with a possible surge to $575 by 2028.
Is General Electric a buy or a sell? In the last year, 24 stock analysts published opinions about GE-N. 11 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock.
What will GE stockholders receive in the proposed spin-off? Each holder of GE common stock is entitled to receive one share of GE Vernova common stock for every four shares of GE common stock held on March 19, 2024, the record date for the distribution.
The company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and a financial services segment called GE Capital. The top shareholders of General Electric are Vanguard, Capital Research Global Investors, and BlackRock.
- The all-time high GE Aerospace stock closing price was 203.57 on August 28, 2000.
- The GE Aerospace 52-week high stock price is 180.36, which is 15.7% above the current share price.
Is GE a safe stock?
The industrial giant earns an IBD Composite Rating of 95 out of 99, according to the IBD Stock Checkup tool. The rating combines key technical and fundamental metrics in a single score. General Electric owns an RS Rating of 95, meaning it has outperformed 95% of all stocks in IBD's database over the past year.
Selling before a reverse stock split is a good idea, but selling after the reverse stock split is not. Since you can sell before and after a reverse stock split, selling during one is optional. The main advantage of selling before the reverse stock split is that you don't have to wait around for it to happen.
BOSTON – February 29, 2024 – General Electric Company (“GE”) (NYSE: GE) today announced that its Board of Directors has approved the previously announced spin-off of GE Vernova. [1] The company is expected to begin trading on the New York Stock Exchange (“NYSE”) on April 2, 2024, under the ticker symbol “GEV”.
General Electric unit sold in 2016
The company generated a global revenue of $95.2 billion in 2019. GE sold its appliance business — not the entire company — to Haier for $5.4 billion in 2016, not recently.
GE Healthcare Technologies Inc has 26.40% upside potential, based on the analysts' average price target. Is GEHC a Buy, Sell or Hold? GE Healthcare Technologies Inc has a consensus rating of Strong Buy which is based on 7 buy ratings, 2 hold ratings and 0 sell ratings.
General Electric is among the most overbought names on Wall Street.
If you buy GE stock now, you will get exposure to both companies after the spinoff takes place, and the good news is there's ample room for improvement in both companies in 2024. GE Aerospace has excellent earnings and orders momentum, with a multiyear backlog in place, and its defense business is improving, too.
EVENDALE, Ohio-April 5, 2024-The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable April 25, 2024, to shareholders of record at the close of business on April 15, 2024.
The company is set to buy back up to $15 billion in common shares, a significant uptick from the previous $3 billion authorization established in 2022.
| Holder | Shares | Date Reported |
|---|---|---|
| Vanguard Group Inc | 87.68M | Mar 31, 2024 |
| Capital Research Global Investors | 78.75M | Mar 31, 2024 |
| Blackrock Inc. | 70.51M | Mar 31, 2024 |
| FMR, LLC | 69.06M | Mar 31, 2024 |
What is the fair price of GE?
As of 2024-06-14, the Fair Value of General Electric Co (GE) is 80.12 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 155.69 USD, the upside of General Electric Co is -48.5%.
Following the completion of the spin-offs, GE operates as GE Aerospace. GE shareholders continue to hold their shares of GE common stock with the company name GE Aerospace, and GE Aerospace continues GE's listing on the NYSE stock exchange under the ticker symbol “GE.”
Along with strategy, management laid out plans to return about 75% of its free cash flow to shareholders in the form of dividends and stock repurchases. GE Aerospace expects to generate more than $5 billion in 2024 free cash flow, which implies more than $3.7 billion to distribute.
GE Aerospace and GE Vernova will make their joint official debut on April 2, 2024. In essence, it will be a de facto 4-for-1 forward stock split for current GE stockholders of record as of March 19th. Each GE shareholder will receive 4 shares of GE Vernova.
General Electric has finalized its restructuring, separating into three distinct publicly-traded companies. The newly independent entities, GE Aerospace (GE) and GE Vernova (GEV), now trade individually on the New York Stock Exchange.
