GE Aerospace (NYSE:GE) on Tuesday reported upbeat earnings for the third quarter and raised its FY2026 earnings forecast.
The company posted quarterly earnings of $2.25 per share which beat the analyst consensus estimate of $2.00 per share. The company reported quarterly sales of $14.118 billion which beat the analyst consensus estimate of $12.849 billion.
GE Aerospace raised its 2026 adjusted earnings guidance to $8.00 to $8.10 per share from $7.65 to $7.85, above the $7.92 analyst estimate. The company also increased its adjusted revenue growth forecast to approximately 19% to 20%.
GE Aerospace shares rose 2.2% to trade at $306.46 on Wednesday.
These analysts made changes to their price targets on GE Aerospace following earnings announcement.
- Morgan Stanley analyst Josh Sullivan maintained the stock with an Overweight rating and lowered the price target from $400 to $375.
- RBC Capital analyst Ken Herbert maintained the stock with an Outperform rating and cut the price target from $400 to $375.
- Susquehanna analyst Charles Minervino maintained the stock with a Positive and lowered the price target from $430 to $400.
Photo via Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
