GE
GE Aerospace
NYSE: GE · INDUSTRIALS · AEROSPACE & DEFENSE
$335.30
+0.76% today
Updated 2026-06-12
Market cap
$331.96B
P/E ratio
39.52
P/S ratio
6.87x
EPS (TTM)
$8.04
Dividend yield
0.48%
52W range
$231 – $348
Volume
6.0M
GE Aerospace (GE) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed GE price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$335.30
Today
Analyst consensus
$349.10
+4.12% · 12M
2030 Base
$229.40
-31.58% future
NPV today
$136.61
@ 12% WACC
21 analysts:
17 Buy2 Hold2 Sell
Management guidance
GE Aerospace management provided cautious FY2026 guidance despite strong Q1 results (24.73% revenue growth YoY to $12.39B quarterly). CEO Larry Culp has emphasized aerospace as the core growth engine post-spinoff, with long-term service contracts providing visibility. However, management cited Middle East disruptions and tempered aircraft departure growth as headwinds, implying FY2026 full-year growth in the 9-12% range rather than acceleration.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
GE · GE Aerospace · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$153.74
NPV today: $91.55
Base case (2030)
$229.40
NPV today: $136.61
Bull case (2030)
$456.39
NPV today: $271.79
WallStSmart.com
GE financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $45.9B | $52.1B | $57.4B | $63.9B | $71.2B | $79.1B |
| Revenue growth | 18.5% | 13.6% | 10.2% | 11.3% | 11.4% | 11.0% |
| Net margin | — | 16.3% | 16.5% | 16.8% | 17.0% | 17.1% |
| EPS | $6.38 | $8.15 | $9.05 | $10.25 | $11.60 | $12.95 |
| Diluted shares | — | 1044M | 1045M | 1045M | 1045M | 1045M |
| Net debt | — | $16.79B | $12.71B | $8.17B | $3.10B | $-2.52B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $133.58 | $152.56 | $175.56 | $201.35 | $229.40 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $79.1B | $79.1B | $79.1B |
| P/S multiple | 2.0x | 3.0x | 6.0x |
| Diluted shares | 1045M | 1045M | 1045M |
| Net debt | $-2.52B | $-2.52B | $-2.52B |
| Implied P/E † | 12x | 18x | 35x |
| 2030 Price | $153.74 | $229.40 | $456.39 |
| NPV @ 12% | $91.55 | $136.61 | $271.79 |
† Implied P/E: Multiples remain elevated across all three scenarios because GE is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $229.40 base case
GE catalysts and risks
Growth catalysts
+ U.S. Air Force GE426 engine contract for autonomous combat aircraft (PDR phase awarded May 2026) — expansion to full production would add $2B+ in multi-year revenue
+ Boeing China order (200-750 aircraft announced May 2026) — GE supplies 400-450 engines, translating to $4B-$6B incremental engine + long-term service revenue through 2035+
+ Commercial aerospace recovery post-COVID — global fleet utilization normalizing, driving aftermarket services (highest-margin business, currently 50%+ of segment revenue)
+ Defense spending acceleration — U.S. Pentagon budget increases, Middle East demand despite near-term disruptions
+ Hypersonic/AI-enabled engine design capabilities — GE leveraging generative AI for rapid prototyping (announced May 2026), reducing time-to-production for next-gen military engines
Key risks
- Supply chain disruptions and cost inflation — management cited ongoing pressure on margins; aluminum, titanium, and semiconductor shortages could delay deliveries and compress profitability
- Geopolitical volatility — Middle East tensions impacting aircraft utilization; U.S.-China trade tensions could limit Boeing China order fulfillment; defense policy uncertainty under new administrations
- Commercial aircraft production delays — Boeing 737 MAX, Airbus A320 supply issues directly reduce GE engine bookings; any major OEM production cut cascades into GE revenue miss
- Margin compression in services — if installed base growth slows or spare parts inflation accelerates, high-margin services upside could disappoint; military engine complexity may require higher warranty accruals
- Valuation compression — current P/E of 36.6x implies significant growth expectations; any miss on FY2026-2027 targets could trigger multiple contraction despite strong fundamentals
Methodology · GE Aerospace 2030 stock forecast model
GE Aerospace 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (0% cumulative for GE by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-2.52B by 2030) |
| 3. Time value | NPV calculated using 12% WACC (CAPM: beta 1.352) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 3.0x / bull 6.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
GE price target FAQ
What is the GE price target for 2030?
WallStSmart's GE Aerospace 2030 base case is $229.40 per share, with a bull case of $456.39 and bear case of $153.74. The NPV of the base case discounted to today at 12% WACC is $136.61.
How is the GE Aerospace 2030 stock forecast calculated?
The GE 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the GE price target account for dilution?
GE Aerospace is projected to grow diluted share count from 1043M to 1045M by 2030 (a 0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 0%.
What is the analyst consensus on GE stock?
21 analysts cover GE with an average 12-month price target of $349.10. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.