GE Vernova Inc. (NYSE: GEV) is highlighted as a top AI stock, with Melius analyst Rob Wertheimer upgrading it to a “Buy” rating and setting a $740 price target. The firm sees potential for upside in estimates due to a durable expansion in power demand.

The analyst noted that GEV has increased 5x from its spin, with significant potential for upward revisions in sell-side estimates by 2027. The company’s growth prospects are driven by the strengthening artificial intelligence sector and increasing power demand.

GE Vernova Inc. (NYSE: GEV) is a global energy company benefiting from the demand for energy to power AI technology. While the stock shows promise, other AI stocks may offer greater upside potential with lower downside risk.

The firm believes pricing power is a key factor in GEV’s growth, noting that price increases following the current demand shock may be difficult to internalize. The company continues to see positive news regarding power demand and AI technology.

Read more at Yahoo Finance: Melius Bullish on GE Vernova (GEV), Sees Strong Upside as AI Boosts Energy Needs