GE Stock Price Forecast: General Electric Company trades flat after analyst price upgrade


  • NYSE:GE dipped by 0.07% amidst another rocky day for the global markets as the S&P 500 ended lower.
  • General Electric receives a generous price target upgrade from UBS.
  • General Electric’s healthcare segment developed a COVID-19 sensor for mobile phones.

NYSE:GE has continued its upward trajectory after shares jumped on Friday following another analyst upgrade of the iconic industrial conglomerate. General Electric, led by CEO Larry Culp, has been on a turnaround mission over the past couple of years to bring the once great company back to prominence on the global stage. On Monday, shares of General Electric traded flat as the broader markets continued the choppy behavior from March, as it fell by 0.07% to close the first trading day of the week at $13.59. The stock is trading firmly above its 50-day and 200-day moving averages, and is creeping back up toward the 52-week high price of $14.42 set in early March. 


Stay up to speed with hot stocks' news!


Another Wall Street analyst has added his bullish target for General Electric, joining several others with the same sentiment. Markus Mittermaier of UBS maintained his previous buy rating for the stock and upgraded his price target from $15 to $17 per share. Mittermaier cited the recent sale of AerCap Holdings for $30 billion, as well as other initiatives that Culp has undertaken to right the ship. General Electric continues to be hammered on the rollercoaster of news that comes from the aerospace industry, including another report of issues with the Boeing 737 MAX, for which GE builds the engines.

Is GE a good stock to buy?

There are certainly tailwinds for 2021 that make General Electric seem like a good buy right now. The healthcare segment even announced it had designed a COVID-19 sensor that can be integrated into mobile phones and smart watches as a way of dealing with the virus in the future. If you believe in Culp and his turnaround strategy, now may be the time to buy the news with General Electric, ahead of its April 27th earnings call.

Share: Feed news

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


Recommended content

Editors’ Picks

EUR/USD remains side-lined around 1.0480

EUR/USD remains side-lined around 1.0480

Price action in the FX world remains mostly subdued amid the lack of volatility and thin trade conditions following the US Presidents' Day holiday, with EUR/USD marginally down and flat-lined near 1.0480.

EUR/USD News
GBP/USD keeps the bullish bias above 1.2600

GBP/USD keeps the bullish bias above 1.2600

GBP/USD kicks off the new trading week on a positive foot and manages to reclaim the 1.2600 barrier and beyond on the back of the Greenback's steady price action.

GBP/USD News
Gold resumes the upside around $2,900

Gold resumes the upside around $2,900

Gold prices leave behind Friday's marked pullback and regain some composure, managing to retest the $2,900 region per ounce troy amid the generalised absence of volatility on US Presidents' Day holiday.

Gold News
Five fundamentals for the week: Peace talks, Fed minutes and German election stand out

Five fundamentals for the week: Peace talks, Fed minutes and German election stand out Premium

US President Donald Trump remains prominent, especially in a week when high-level peace talks kick off. Nevertheless, the Commander-in-Chief competes with the world's most powerful central bank, and other events are of interest as well.

Read more
Bitcoin Price Forecast: BTC stalemate soon coming to an end

Bitcoin Price Forecast: BTC stalemate soon coming to an end

Bitcoin price has been consolidating between $94,000 and $100,000 for almost two weeks. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $580.2 million net outflow last week, signaling institutional demand weakness.

Read more
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025