General Electric Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

General Electric Company GE is expected to release financial results for its third quarter of 2023, before the opening bell on Oct. 24, 2023.

Analysts expect the company to post quarterly earnings at 56 cents per share, up from year-ago earnings of 35 cents per share. The company’s revenue might come in at $15.7 billion, compared to $18.62 billion in the year-ago period.

GE shares gained 0.6% to close at $106.69 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Josh Sullivan maintained an Overweight rating and raised the price target from $122 to $125 on Aug. 10, 2023. This analyst has an accuracy rate of 68%.
• Oppenheimer analyst Christopher Glynn downgraded the stock from Outperform to Perform on July 31, 2023. This analyst has an accuracy rate of 78%.
• Citigroup analyst Andrew Kaplowitz maintained a Buy rating and raised the price target from $126 to $135 on July 27, 2023. This analyst has an accuracy rate of 80%.
• Argus Research analyst John Eade maintained a Buy rating and lifted the price target from $112 to $130 on July 26, 2023. This analyst has an accuracy rate of 71%.
• Barclays analyst Julian Mitchell maintained an Overweight rating and raised the price target from $125 to $131 on July 26, 2023. This analyst has an accuracy rate of 75%.

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