GE Aerospace — General Electric Company, which became a pure-play jet-engine manufacturer after the 2024 separations of GEV and GEHC — is one of the most widely covered industrial names on Wall Street. Reviewing recent, attributable targets yields a mean near $400, with individual figures spanning roughly $350 to $450.
The most current views cluster toward the upper-middle of that range. Wells Fargo reiterated a Buy at $380, UBS trimmed its target to $377 from $435, Jefferies kept a Buy while lowering to $435 from $455, and Deutsche Bank held a Buy at $450. JPMorgan raised its objective to $400, Goldman Sachs set $410, Susquehanna lifted to $430, and Bernstein reiterated Outperform at $421. Bank of America has maintained a Buy near $365.
Notably, Melius Research downgraded the shares to Hold with a $350 target in September, part of a sector-wide de-rating that also touched HEI, TDG, and WWD, citing valuation and a softer aftermarket trajectory. The spread between cautious $350–$380 targets and bullish $430–$450 targets is the clearest signal that the consensus view is upbeat but not uniform.
At roughly $309.56, the shares sit about 20% below their August intraday record near $388.84 and below both their 50-day and 200-day moving averages. Reaching $400 would require a move of about 29% from current levels — a substantial, though not unprecedented, advance for a stock that has historically re-rated quickly on aftermarket strength.
The path depends heavily on whether the aftermarket narrative stabilizes. GE Aerospace's franchise rests on long-lived engine platforms such as the CFM56, LEAP, and GEnx, whose installed bases generate recurring services revenue. Management has flagged that CFM56 retirements are running below prior planning assumptions, which preserves the installed base longer but also softens the near-term shop-visit and spare-parts growth that underpinned earlier targets. A re-acceleration in air traffic, rising engine removals, and continued LEAP margin gains would support the earnings trajectory embedded in higher analyst targets.
Several verified factors could support the stock forecast. The commercial services backlog above $170 billion provides multi-year revenue visibility, while analysts point to strong spare-parts demand, rising shop visits, and improving LEAP profitability as the core earnings driver. On the defense side, demand is robust, highlighted by decade-high orders and the recent GEK800 turbofan milestone with KTOS.
Valuation also matters. At a forward P/E (price-to-earnings) ratio near 37, the shares trade below aerospace suppliers HWM and HEI on forward earnings, which some analysts argue leaves room for multiple expansion if free cash flow compounds as expected. Consensus EPS (earnings per share) estimates of roughly $7.91 for 2026 and $9.07 for 2027 imply double-digit profit growth that would mechanically close the gap to the target even without a re-rating.
The principal obstacles are macro and execution-related. Air-traffic growth slowed in the second quarter, and management has described only modest July–August growth, a headwind for services demand. The Federal Aviation Administration's delay in certifying the BA 737 MAX 10 over flight-guidance software — a system GE Aerospace supplied — reintroduced execution uncertainty, though it is separate from the LEAP engine.
Slower CFM56 retirements, now settling near 1.5%–2% rather than the 3%–4% originally modeled, could compress the aftermarket growth that justifies premium multiples. Finally, at a forward P/E near 37 and an EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation, and amortization) near 29, any disappointment risks valuation compression, a concern behind the recent Hold downgrades and target cuts.
The market structure shows a stock in consolidation after a sharp pullback. The 52-week range spans roughly $268.91 to $388.84, with the $300 round-number zone and the $269 area acting as nearby support levels. On the upside, the 200-day moving average near $327 and the 50-day moving average near $342 form the first resistance levels, followed by the $350 area and the record high near $389. Reaching $400 would first require reclaiming those moving averages and converting the prior high into support.
Analyst price targets generally reflect a research horizon of about 12 months, though firms differ in their modeling windows and assumptions. The next earnings report, scheduled for October 20, will be pivotal, with attention on aftermarket revenue growth, shop-visit trends, LEAP margins, and any update to CFM56 retirement assumptions. Investors should also watch air-traffic data, Boeing MAX 10 certification progress, analyst revisions after earnings, and broader aerospace demand indicators.
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Can GE Aerospace reach $400? The question is not a simple yes or no. The $400 level, an average of roughly a dozen current analyst price targets within a $350–$450 range, represents a roughly 29% advance from recent trading near $309.56. Strong supports — a massive services backlog, defense momentum, and double-digit profit growth expectations — sit against real obstacles, including moderating air traffic, slower CFM56 retirements, and a rich valuation that has already triggered downgrades and target trims. The next earnings report and analyst revisions that follow will be the most important signposts for whether the bulls' price forecast or the cautious camp's more tempered view prevails.
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A.I.dvisor indicates that over the last year, GE has been closely correlated with HWM. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if GE jumps, then HWM could also see price increases.
| Ticker / NAME | Correlation To GE | 1D Price Change % |
|---|---|---|
| GE | 100% | -0.89% |
| GE (4 stocks) | 78% Closely correlated | -0.29% |
| Aerospace & Defense (85 stocks) | 43% Loosely correlated | -1.84% |