GE Aerospace (GE) Price Target Hiked at Citi on Solid Guidance

GE Aerospace (NYSE:GE) is one of the best 52-week high stocks to buy now. On July 18, Citi raised its price target of the stock to $309 from $296 while maintaining a Buy rating. The adjustment follows the company’s better-than-expected second-quarter results.

The global aerospace leader also increased its full-year guidance, buoyed by positive order trends and a less bearish macroeconomic outlook. GE Aerospace also revised its 2028 targets, affirming a compound annual growth rate of more than 10% in revenue, EBIT, and free cash flow.

According to Citi, GE Aerospace is a buy due to the healthy mid-single-digit growth in flight hours. In addition, the research firm expects the company to benefit from improvements in the supply chain and productivity.

GE Aerospace (NYSE:GE) is a global leader in aerospace, focusing on inventing and developing aircraft engines, systems, and services. It is also involved in both commercial and military aviation, with a vast installed base of engines.

While we acknowledge the potential of GE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Biotech Stocks to Buy According to Billionaire Steve Cohen and 11 Growth Stocks That Could Double by 2027.

Disclosure: None. This article is originally published at Insider Monkey.