GE Vernova Inc. (NYSE:GEV) is an AI stock upgraded to “Buy” by Jefferies analyst, with a price target raised to $815. The firm sees strong gas pricing and services margin visibility, citing confidence in AI-driven power demand. Shares have declined but offer buying opportunity due to long-term gas service contracts extending to the 2030s.

GEV’s share price drop post-analyst day was attributed to broader data center and AI-related concerns, overshadowing the resilience of its contracted services business. Jefferies suggests that the pullback presents an opportunity to capitalize on the long-term gas service contracts that extend well into the 2030s.

Despite concerns about supply and alternative technologies, pricing for GEV’s turbines continues to rise. The company’s services provide visibility into the 2030s, offsetting gas equipment weakness and unique offerings compared to peers.

As a global energy company and an AI stock, GE Vernova Inc. (NYSE:GEV) is driven by the demand for energy to power AI technology. While GEV shows potential as an investment, other AI stocks may offer greater upside potential with less downside risk. For a report on an undervalued AI stock benefiting from Trump-era tariffs and onshoring trend, check out the best short-term AI stock.

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Read more at Yahoo Finance: GE Vernova (GEV) Stock Slides, but Jefferies Sees Long-Term AI Power Upside