More important than the price target change—it's only four bucks—is who is making it.
As noted introducing a 2018 post, "The Poker Aces Playing a Key Hand in the $5 Trillion ETF Market"
We've mentioned Susquehanna a few times over the years, usually in connection with their options and other derivatives business. They have access to the data and information flows that most houses dream of having, and transform the information flow into cash flow.
And from MarketBeat, October 13:
Susquehanna has raised its price target for GE Vernova (NYSE:GEV) to $740.00, indicating a potential upside of 22.05% from the stock's previous close. The stock has received multiple upgrades from various analysts, including Barclays and Citigroup, with many maintaining a positive outlook despite GE Vernova's recent mixed ratings across the market. GE Vernova's most recent quarterly earnings surpassed expectations, reporting $1.86 EPS and $9.11 billion in revenue, reflecting a year-over-year revenue growth of 11.1%....
....MORE, written by a machine.
The stock is up $45.45 (+7.52%) at $650.01after getting as high as $655.99.
Still 4% below the July 31 all-time-high, $677.29.
