GE Vernova eyes $1,400 target, citing AI electrification supercycle

UBS issued a bullish $1,400 price target for GE Vernova (GEV).

The bank anticipates an electrification supercycle driven by rising data center energy needs and broader electricity consumption.

GE Vernova maintains a backlog of approximately $163 billion. This figure represents roughly 3.5 times the company's annual sales.

Accelerated orders for gas turbines and grid equipment support the global build-out of AI infrastructure.