- NYSE:GE added 4.66% on Tuesday alongside a broader market rally that saw the Dow’s best day in three months.
- A Bank of America analyst upgraded General Electric on some serious 2021 tailwinds.
- GE Healthcare won the award for the 2020 Global Company of the Year.
NYSE:GE has continued to claw its way back to relevance in 2021 after years of bleeding through its cash reserves. On Tuesday, General Electric gained 4.66% to close the trading session at $11.24 as the broader markets rebounded after a week of uncertainty from the r/WallStreetBets standoff. With the surge on Tuesday, GE is once again trading over its 50-day moving average and is now within reach of eclipsing its 52-week high price of $13.26, which the stock has not seen since before the outbreak of the COVID-19 pandemic.
On Monday, General Electric received a nice upgrade from an analyst at Bank of America, which raised his price target for the iconic American company to $14. The analyst, Andrew Orbin, cited significant tailwinds for 2021 which include an emphasis on renewable energies, a rebound of the commercial aviation industry, as well as strong guidance for between $2.5 billion and $4.5 billion in free cash flow. The $14 price target from Orbin represents a 25% premium on the closing price from Tuesday.
GE stock price forecast
General Electric’s healthcare division received a well-deserved honour recently as it was named the 2020 Global Company of the Year. The award is specifically for GE’s global healthcare command centers that support regional med-tech solutions, particularly during the recent COVID-19 pandemic. While General Electric is not usually noted or its healthcare branch, it should be good news to shareholders that the company’s other divisions are doing well at a time where the aviation department is slumping.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

Gold refreshes all-time highs above $3,000 on escalating geopolitical tensions
Gold price is reneweing record highs beyond $3,000 early Tuesday on intensifying geopolitical Middle East tensions. Israel resumes military operations against Hamas in Gaza after the group rejected US proposals for extending ceasefire. Further US-Iran tensions add to the latest leg up in the safe-haven Gold.

AUD/USD trades with caution below 0.6400 amid MiIddle East tensions
AUD/USD has paused its upsurge, trading with caution in Tuesday's Asian trading. Traders prefer to stay on the sidelines amid intensifying geopolitical risks in the Middle East, reducing the appeal of the higher-yielding Aussie. Meanwhile, the US Dollar finds its feet due to risk aversion.

USD/JPY sits at two-week high near 149.50 as US Dollar finds demand
USD/JPY sits at two-week high near 149.50 in the Asian session on Tuesday as renewed Middle East geopolitical jitters revive the safe-haven demand for the US Dollar. However, further upside appears elusive amid divergent BoJ-Fed expectations and rising trade tensions.

Solana price faces 50-day resistance as SOL futures debut on CME Group with $5M volume on fifth anniversary
Solana stagnated around the $128 mark on Monday despite multiple bullish catalysts. The recent SOL unlocks by Alameda Research, ahead of FTX creditor repayments, have created a persistent bearish overhang since early March.

Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme Premium
Central bank bonanza – perhaps its is not as exciting as comments from the White House, but central banks still have sway. They have a chance to share insights about the impact of tariffs, especially when they come from the world's most powerful central bank, the Fed.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.