GE Aerospace stock forecast
The weighted case puts GE Aerospace at US$281.23 in October 2027. It hinges on profitable service growth and execution on supply, LEAP and CPP.
Where could GE Aerospace's shares be by October 2029?
The weighted case puts GE at US$281.23 in October 2027, with the outcome hinging on profitable service growth and execution on supply, LEAP and CPP. By October 2029, the weighted price reaches US$323.37, a +7% return after a −8% return in October 2027, dividends included.
By October 2029, the modeled range is $174.46 to $508.79. Today’s price is $308.20. The bear case receives 25% probability, the base case 55%, and the bull case 20%.
| Case | Probability | October 2027 | October 2028 | October 2029 |
|---|---|---|---|---|
| Bear | 25 % | 216.44 (-29 %) | 195.40 (-35 %) | 174.46 (-42 %) |
| Base | 55 % | 290.44 (-5 %) | 308.22 (+1 %) | 323.63 (+7 %) |
| Bull | 20 % | 336.89 (+10 %) | 419.34 (+37 %) | 508.79 (+67 %) |
| Weighted | 100 % | 281.23 (-8 %) | 302.24 (-1 %) | 323.37 (+7 %) |
What has to go right or wrong for GE Aerospace?
The bear story begins with supplier or shop constraints delaying deliveries and cash conversion. LEAP service costs then weaken margins, while CPP financing limits buybacks. The first price is $216.44 and the last is $174.46. Its 25% probability reflects the size of the pending acquisition, CES margin pressure and the absence of a guaranteed repurchase amount.
The bull story requires supplier flow to improve, CPP capacity to become productive and LEAP durability to reduce repair costs. Stronger service conversion would lift earnings and cash flow, supporting both buybacks and a premium P/E. The first price is $336.89 and the last is $508.79. Its 20% probability reflects the need for several operational improvements to arrive together.
How much cash does GE Aerospace really make?
Operating cash reflects collections from customers and payments to suppliers, employees and others. Straightforward free cash flow subtracts capital spending from that operating cash. GE’s own measure makes additional adjustments, including separation-related cash costs and, from Q3 2025, proceeds from selling property and equipment.
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Cash from operations | 8,543 | 5,817 | 4,609 | 4,027 |
| − Capital spending | 1,273 | 1,032 | 862 | 662 |
| = Free cash flow | 7,270 | 4,785 | 3,747 | 3,365 |
| − Stock pay | 325 | 286 | 192 | 143 |
| = Real free cash flow | 6,945 | 4,499 | 3,555 | 3,222 |
| Real free cash flow, % of revenue | 15.1% | 11.6% | 10.1% | 11.1% |
What does an investor pay for GE Aerospace today?
| Today (Oct 12, 2026) | |
|---|---|
| Share price | 308.20 |
| P/E, last 12 months (calculated) | 36.3x |
| P/E, next 12 months (calculated) | 33.8x |
| Free cash flow yield (calculated) | 2.3% |
| Real free cash flow yield (calculated) | 2.2% |
| Dividend yield (calculated) | 0.6% |