General Electric Company (NYSE: GE) – Will GE stock hit $ 20 by 2022?

Each week, Benzinga conducts an opinion poll to find out what traders are most interested in, what interests them or what they think about when they manage and build their personal portfolios.

We surveyed a group of over 300 investors to find out if the shares of General Electric (NYSE: GE) will hit $ 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.

After the sale of GE Transportation to Wabtec and a majority of its stake in Baker Hughes, as well as the sale of GE Biopharma to Danaher, the company focuses on aviation, traditional healthcare, energy and renewable energy .

See also: Top 10 Blue Chip stocks

GE is trading around $ 11 at time of publication, above the 52-week low of $ 5.48, and around 73% of Benzinga traders and investors said GE will hit $ 20 per share by 2022.

Our study found that investors were saying that GE Healthcare’s footprint in the healthcare industry could prove valuable in the face of increased demand for radiopharmaceuticals and general medical imaging procedures. Others believe GE will see a boost to its core business, gas turbines and jet engines, once the pandemic subsides.

This survey was conducted by Benzinga in December 2020 and included responses from a diverse population of adults aged 18 or older.

Joining the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects the results of more than 300 adults.

Photo credit: Bubba73, via Wikimedia Commons