General Electric (GE) has seen its stock climb to a new 52-week high, buoyed by a series of positive developments. Notably, the stock experienced a seven-day winning streak. This surge is in part due to an analyst upgrade from Sanford C. Bernstein, which lifted GE’s price target from $201.00 to $225.00 while maintaining an "outperform" rating, as reported by defenseworld.net.
In its third-quarter earnings report for 2023, GE surpassed expectations, delivering adjusted earnings of 82 cents per share compared to the forecasted 56 cents. The company also reported total revenues of $17.3 billion, exceeding the anticipated $15.7 billion, as highlighted by finance.yahoo.com. This impressive performance has fostered increased investor confidence in GE's financial health and strategic direction.
As of May 15, 2025, GE's stock is trading at $229.70, reflecting a 2.89% increase from the previous session’s close. The stock opened at $223.45 and hit an intraday high of $229.89. With a strong earnings report and positive market sentiment, GE's stock performance underscores the market's favorable view of its ongoing strategies and financial resilience.
