GE Vernova soars to record high on major upgrade, rare earth plan

GE Vernova stock jumped up to 17% to a record high after the company lifted its 2028 revenue target to $52 billion and its adjusted EBITDA margin outlook to 20%. It also expanded its buyback authorisation to $10 billion and confirmed it is working with the US government on yttrium stockpiles. JPMorgan raised its price target to $1000

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