GE Aerospace Stock Looks Cheap. The Aftermarket Cycle Might Explain Why.

Key Takeaways for GE Aerospace Stock as of July 2026

• Of 21 analysts covering GE Aerospace stock, 16 rate it a buy, 3 an outperform, 1 a hold, and 1 an underperform, with a mean target of $372 against a current price of $356.
• TIKR’s mid-case model values GE Aerospace at $539 by December 2030, implying 51% total return from current levels, or 10% annualized over 4.5 years.
• Trading at $356 with EBIT expected to climb from $2.53 billion to $3.03 billion by June 2027, GE Aerospace stock looks undervalued on operating earnings power that the Street’s target barely reflects.
• Following Q1 2026 results where commercial services revenue surged 39% and total engine deliveries jumped 43%, CEO Larry Culp confirmed at Bernstein in late May that spare parts orders accelerated to 40% growth while parked aircraft counts declined.

GE Aerospace stock trades 4% below the Street’s mean target, but TIKR’s model sees 51% upside. See the full valuation breakdown on TIKR for free →

GE Aerospace Stock Delivered 39% Services Growth in Q1 and the Aftermarket Keeps Accelerating

GE Aerospace (GE) posted Q1 2026 revenue of $11.61 billion, up 29% year over year, with operating profit growing 18% to $2.53 billion and EPS rising 25% to $1.86.

Commercial services drove the quarter. Revenue from that segment climbed 39%, powered by internal shop visit growth of 35%, LEAP shop visits up over 50%, and spare parts sales rising more than 25%.

On the equipment side, total engine deliveries increased 43%, with LEAP units up 63% and GEnx widebody engines up over 25%.

CEO Larry Culp told analysts on the Q1 earnings call that absent the Gulf conflict uncertainty, management would have raised full-year guidance: “Had it not been for the environment that we’re in, we clearly would have done something with the guide.” Instead, the company held its range of $7.10 to $7.40 in EPS and $9.85 billion to $10.25 billion in operating profit, while signaling it tracks toward the high end.

By late May at the Bernstein conference, Culp provided a sharper update. Spare parts orders had accelerated from 30% growth in Q1 to roughly 40% over the most recent 60 days. Parked aircraft declined from April levels and from the start of the year. And more than 95% of Q2 spare parts revenue was already in backlog.

The installed base tells the longer story. GE Aerospace now supports 80,000 engines with a $210 billion backlog, $170 billion of it in commercial services. LEAP’s installed base will double by 2030, driving shop visit growth at a 25% annual clip. CFM56 shop visits hold stable near 2,300 to 2,400 through 2028, with two-thirds of the fleet still awaiting a second shop visit.

GE Aerospace stock just posted 43% engine delivery growth. Track the full earnings trend on TIKR for free →

16 of 21 Analysts Rate GE Stock a Buy With a $372 Mean Target

Wall Street’s consensus on GE Aerospace stock leans firmly bullish, with 16 buys, 3 outperforms, 1 hold, and 1 underperform among 21 analysts covering the name. The mean price target of $372 sits just 4% above the current price of $356, while the median lands at $365, suggesting the Street sees limited near-term upside at these levels.

Jefferies recently raised its target to $455 with a buy rating, citing LEAP engine delivery growth potential of 20% in 2026, well above management’s 15% guidance.

Wall Street Expects GE Stock’s EBIT to Grow 17% by June 2027

GE Aerospace reported EBIT of $2.53 billion in the March 2026 quarter, up 18% year over year, with EBIT margins expanding to 22%.

Consensus estimates project EBIT reaching $2.59 billion in the June 2026 quarter and $2.65 billion by September, representing 11% and 15% year-over-year growth respectively.

By December 2026, analysts model EBIT at $2.68 billion with margins of 21%, building to $2.88 billion in March 2027 and $3.03 billion by June 2027, where margins are expected to reach 23.2%.

The gap between the Street’s 4% price target upside and the EBIT trajectory running at 14% to 17% annual growth raises a question: will analysts reprice the stock once Q2 results confirm that services momentum held through the Gulf conflict uncertainty?

TIKR’s $539 Target on GE Aerospace Stock Holds If the Aftermarket Ramp Sustains

TIKR’s mid-case model values GE Aerospace stock at $539 by December 2030, implying 51% total return from the current price of $356, or 10% annualized over 4.5 years.

That 10% annualized return sits above the broader industrial sector’s historical norm, positioning GE Aerospace stock as undervalued if the aftermarket cycle plays out as backlog visibility suggests.

The path to $539 runs through the same dynamics that drove Q1’s 39% services revenue growth: a doubling LEAP installed base, CFM56 shop visit stability, and spare parts demand that still outstrips supply.

With $170 billion in commercial services backlog and two-thirds of projected 2026 shop visit engines already off wing, the revenue pipeline supporting this target isn’t speculative.

TIKR’s model puts GE Aerospace stock at $539 by 2030. See the full return forecast on TIKR for free →

Should You Invest in GE Aerospace?

The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.

Pull up GE Aerospace stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.

You can build a free watchlist to track GE Aerospace alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.

Access Professional Tools to Analyze GE stock on TIKR for Free →

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!