“GE Aerospace (GE) has high market shares in the aerospace engine oligopoly,” Noah Poponak, analyst at Goldman, said in an April 9 report. “Engines have great long-term cash flow characteristics with recurring revenue and pricing power in a long-term secular growth market.”

Goldman set a 12-month price target of $190 a share on GE Aerospace (GE) based on an estimated multiple of 22.5 times earnings before interest, taxes, depreciation and amortization of $9.4 billion for fiscal 2025.