10 High-Valuation Stocks to Buy According to Billionaires

2. GE Vernova Inc. (NYSE:GEV)

Forward P/E: 52.1

Number of Billionaire Investors: 20

Number of Hedge Fund Holders: 111

GE Vernova Inc. (NYSE:GEV) is a newly formed entity as part of General Electric’s split in early 2024. The company is a prominent name in electric power industry and focusses on products and services including generation, transfer, conversion, and storage. It operates across renewable energy, power generation, and grid technologies, playing a key role in decarbonization efforts.

An RBC Capital analyst lowered the price target on GE Vernova Inc. (NYSE:GEV) from $453 to $445 while maintaining an Outperform rating, in a March 18 report. The analyst noted that ISO filings indicate combined cycle gas turbine (CCGT) equipment costs have risen another 15% since November, with gas turbines up about 30%, which signals strong market demand. This reinforces the long-term growth potential from price increases. While the analyst raised EPS estimates for FY 2026 and 2027, he adjusted the price target to reflect current market conditions.

On March 19, Barclays analyst Julian Mitchell also reiterated his Buy rating on the company with a price target of $427, implying a 28% upside potential.