GE.N Hits 20-Day Low Amid Strategic Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 Nov 25
Source: SeekingAlpha
Shares of GE.N declined 1.84% today, closing at $295.28, marking a 20-day low for the stock. This technical downturn comes despite a recent multi-year agreement with Saudia Group for the supply of GEnx-1B engines for 39 Boeing 787 aircraft, aimed at enhancing local aerospace capabilities in Saudi Arabia. The partnership aligns with Saudi Vision 2030, yet investor sentiment remains cautious amid broader market pressures, particularly concerns surrounding spending in the tech sector. As GE navigates these challenges, its commitment to local expertise development may provide long-term benefits, but immediate stock performance reflects ongoing volatility.
Analyst Views on GE
Wall Street analysts forecast GE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GE is 345.67 USD with a low forecast of 275.00 USD and a high forecast of 386.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
0 Hold
1 Sell
Strong Buy
Current: 297.470
Low
275.00
Averages
345.67
High
386.00
Current: 297.470
Low
275.00
Averages
345.67
High
386.00
About GE
General Electric Company, doing business as GE Aerospace, is a global aerospace propulsion, services, and systems company. The Company has an installed base of approximately 45,000 commercial and 25,000 military aircraft engines. The Company operates through two segments: Commercial Engines & Services and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures and services jet engines for commercial airframes, as well as business aviation and aeroderivative applications. Its services include maintenance, repair and overhaul (MRO) of engines and the sale of spare parts and offers services under a variety of arrangements. The Defense & Propulsion Technologies segment provides defense engines and critical aircraft systems and consists of its Defense & Systems and Propulsion & Additive Technologies businesses. Its portfolio of brands includes Avio Aero, Unison, Dowty Propellers and Colibrium Additive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
