Every week, Benzinga conducts an opinion poll to find out what traders are most excited about, interested in or thinking about while managing and building their personal portfolios.
We studied a group of over 300 investors on the shares General Electric (NYSE: GE) will reach $ 20 by 2022.
GE stock forecast
General Electric is known for its digital industrial offerings and massive installed base spread across a variety of products and services, including aircraft engines, gas turbines, wind turbines and medical diagnostic equipment, among others.
Following the sale of GE Transportation to Wabtec and the majority of its stake in Baker Hughes, as well as the sale of GE Biopharma to Danaher, the company’s focus is on aviation, healthcare, electricity and renewable energy.
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GE is trading around $ 11 at the time of publication, in addition to the 52-week low of $ 5.48, and about 73% of Benzinga traders and investors said GE will reach $ 20 per share by 2022.
Our study revealed that investors say that GE Healthcare’s footprint in the healthcare industry could prove valuable amid increased demand for radiopharmaceuticals and general medical imaging procedures. Others believe GE will see an increase in their core gas turbine and jet engine activity once the pandemic is gone.
This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults aged at least 18 years.
The election was completely voluntary, with no incentives for potential respondents. The study reflects the results of over 300 adults.
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