Seaport Initiates Buy Rating on GE Aerospace with $375 Target
GE•Seaport Research Partners initiated coverage on GE Aerospace with a Buy rating and a $375 price target, forecasting aerospace aftermarket revenue growth above 10% annually through 2030 and adjusted EPS rising from $7.55 in 2026 to $10.25 in 2028. The analyst cited GE’s $1.58 billion 2025 R&D spend and defense segment tailwinds.
1. Seaport Research Initiates Coverage
Seaport Research Partners launched coverage of GE Aerospace with a Buy rating and a $375 price target, highlighting a 1.7% share decline year-to-date versus a 9% S&P 500 gain as an attractive entry point. Analyst Richard Safran forecasts aerospace aftermarket revenue growth above 10% annually through 2030 and views GE in the early innings of an equipment production cycle that remains underpriced. The note points to GE’s $1.58 billion R&D investment in 2025 and sees accelerated demand in the defense segment from rising military aircraft production as key drivers. Seaport projects adjusted EPS of $7.55 for 2026, $8.67 for 2027 and $10.25 for 2028, with 2028 free cash flow per share estimated at $10.90, above consensus.
