American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

GE HealthCare unveils new AI tools, but GE Vernova stock offers stronger growth potential

by admin October 22, 2024
October 22, 2024
GE HealthCare unveils new AI tools, but GE Vernova stock offers stronger growth potential

GE Healthcare Technologies Inc (NASDAQ: GEHC) is in the spotlight today after unveiling new AI tools designed for oncologists.

The medical technology company has launched a solution called CareIntellect, aimed at helping doctors efficiently sift through healthcare data, which is often overwhelming and contributes to burnout.

However, Deutsche Bank is currently recommending shares of GE Vernova Inc (NYSE: GEV) over GE Healthcare.

Analyst Nicole DeBlase is bullish on GE Vernova, the energy equipment manufacturer, despite its stock having already more than doubled since the start of 2024.

GE Vernova stock is headed for $354

Nicole DeBlase assumed coverage of GE Vernova stock with a “buy” rating and announced a price target of $354 that indicates potential for another 30% upside in her research note today.

She expects the New York-listed firm to benefit as investments continue to flow into power-generating assets on increasing electricity consumption due to “electrification of all things, the proliferation of AI data centers, decarbonization, and aging existing grid infrastructure.”

The analyst is convinced that GEV will offer best-in-class profits and revenue growth against such a backdrop. Deblase particularly mentioned a favorable mix of revenue and margin expansion in the company’s electrification business in her research note on Monday.

Nonetheless, GE Healthcare remains a more suitable pick for income investors as GE Vernova does not currently pay a dividend versus 0.13% yield coupled with GEHC at writing.

What else could help GEV share price?

GE Vernova has a big enough wind turbine business as well that Deutsche Bank says stands to materially benefit in the coming years. Wind accounts for just 7.0% of the world’s electricity today but is expected to hit 25% by 2040.  

On Monday, the investment firm attributed some of its optimism on GEV also to its gas power segment which is quickly becoming a growth story.

Gas turbine orders are increasing amidst higher electricity demand.

In response, “GE Vernova is increasing its HDGT manufacturing capacity from 55 to 77-80 units/year by 2026,” analyst Nicole DeBlase told clients on Monday.

She expects that to eventually lead to an increase in service orders/backlog.

The bullish call on GE Vernova stock arrives only days before it’s scheduled to report its financial results for the third quarter. The consensus is for the company to improve its revenue by 10% to $8.92 billion and earn $134.5 million in Q3.

In September, GEV said its revenue will likely come in close to $35 billion in 2024. Our analyst Crispus Nyaga is also bullish on GE Vernova shares for the long-term.

The post GE HealthCare unveils new AI tools, but GE Vernova stock offers stronger growth potential appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Kinder Morgan stock is surging: can the rally continue?
next post
Are dividend ETFs like QYLD, XYLD, and SPYI worth it?

Related Posts

Elon Musk presents Indian PM Modi with a...

February 14, 2025

ProShares TQQQ ETF is about to explode higher...

November 21, 2024

Brazil grants EuroAtlantic Airways approval for regular flight...

February 8, 2025

Toast stock has skyrocketed: could TOST surge to...

November 8, 2024

Top 3 ‘best-in-class’ stocks to buy on the...

March 9, 2025

Gap turnaround: here’s what Richard Dickson has achieved...

March 8, 2025

Interview: Stablecoins will transform finance in 2025, says...

January 18, 2025

UnitedHealth stock price forms two patterns, pointing to...

July 3, 2025

VYM ETF is up 20% in 2024: But...

December 18, 2024

FTSE 100 forecast: BoE decision, Diageo, Vodafone, GSK...

January 31, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved