Is GE Stock Still a Buy After Big Earnings Beat?
GE stock is higher Tuesday after the industrial giant's beat-and-raise quarter, but what do analysts think? We take a closer look here.


GE Aerospace (GE) disclosed upbeat second-quarter earnings ahead of Tuesday's open, sending GE stock soaring up the price charts. The industrial giant also raised its full-year profit and free cash flow forecast and Wall Street has been quick to chime in.
In the three months ended June 30, GE's revenue increased 4% year-over-year to $9.1 billion, driven in part by 7% growth in its commercial engines & services segment to $6.1 billion. Its earnings per share (EPS) was up 62% over the year-ago period to $1.20.
"The GE Aerospace team delivered another strong quarter marked by double-digit increases across orders, operating profit, and free cash flow," GE Aerospace CEO Larry Culp said in a statement.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The results topped analysts' expectations. Wall Street was anticipating revenue of $8.5 billion and earnings of 98 cents per share, according to Yahoo Finance.
"Given our performance year-to-date and momentum across our businesses we are raising our full-year profit and free cash flow guidance," Culp said.
The company now expects earnings per share in the range of $3.95 to $4.20, up from its previous guidance of $3.80 to $4.05. Free cash flow is now forecast to arrive between $5.3 billion to $5.6 billion, up from the prior outlook of more than $5 billion.
Is GE stock a buy, sell or hold?
The industrial stock has turned in a strong performance on the price charts this year, up more than 70% at last check. The bulk of this upside came amid optimism for the company's spinoff plans, which were completed in April.
But Wall Street remains bullish on GE stock. According to S&P Global Market Intelligence, the average analyst target price for GE Aerospace is $185.67, representing implied upside of 6% to current levels. Additionally, the consensus recommendation is a Strong Buy – making it one of analysts' top-rated S&P 500 stocks.
Financial services firm CFRA Research is one of the more bullish outfits on GE stock with a Buy rating and a new price target of $190 (up from $181) following the earnings release.
CFRA Research analyst Angelo Zino is encouraged by the momentum seen in the company's commercial engines & services segment "as orders for services and equipment both grew 30% on the heels of robust spare parts demand."
He adds that "margins are benefiting from higher services volume, pricing, and mix," and sees "the upwardly revised 2024 revenue, profit, and free cash flow guidance, which we attribute to commercial equipment strength, as improving orders point to better prospects ahead."
CFRA's $190 price target represents implied upside of nearly 9% to current levels.
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
The Five Social Security Blind Spots Retirees Often Miss
Understand how benefits work before applying, so you don’t lose money for which you qualify.
-
Stock Market Today: S&P 500, Nasdaq Hit New Highs After Vietnam Trade Deal
Ahead of a key July 9 tariff deadline, President Trump said the U.S. has reached a trade deal with Vietnam.
-
Stock Market Today: S&P 500, Nasdaq Hit New Highs After Vietnam Trade Deal
Ahead of a key July 9 tariff deadline, President Trump said the U.S. has reached a trade deal with Vietnam.
-
Social Security's First Beneficiary Lived to Be 100: Will You?
Ida May Fuller, Social Security's first beneficiary, retired in 1939 and died in 1975. Today, we should all be planning for a retirement that's as long as Ida's.
-
An Investment Strategist Demystifies Direct Indexing: Is It for You?
You've heard of mutual funds and ETFs, but direct indexing may be a new concept ... one that could offer greater flexibility and possible tax savings.
-
Q2 2025 Post-Mortem: Rebound, Risks and Generational Shifts
As the third quarter gets underway, here are some takeaways from the market's second-quarter performance to consider as you make investment decisions.
-
Stock Market Today: Another Quarter, More Mixed Price Action
"Up and to the right" remains the general trend despite persistent uncertainty around critical policy issues.
-
This 401(k) Withdrawal Snafu Could Knock Your Portfolio off Course
Few financial advisers have heard of this 401(k) withdrawal issue. Here's how to safeguard your portfolio.
-
Why Homeowners Should Beware of Tangled Titles
If you're planning to pass down property to your heirs, a 'tangled title' can complicate things. The good news is it can be avoided. Here's how.
-
A Cautionary Tale: Why Older Adults Should Think Twice About Being Landlords
Becoming a landlord late in life can be a risky venture because of potential health issues, cognitive challenges and susceptibility to financial exploitation.