General Motors (GM) is initiated with a Buy rating and a price target of $104, implying a 28% upside. The positive outlook is based on achievable Q2 estimates, easier year-over-year comparisons in North America, and increased dealer supply expected to drive sequential growth despite recent market share losses. GM's digital services, boasting 12 million subscribers, and a strong balance sheet support the investment case, even amid tariff and commodity cost challenges. Valuation at 7.8x EV/EBITDA is attractive, with potential for multiple expansion if GM achieves low single-digit growth this year.
An analyst has reaffirmed a Strong Buy rating on General Motors, setting a price target of $104, which implies a 30% upside from the current price of $80. The positive outlook is driven by factors such as the next-generation Silverado and Sierra mode...
General Motors reported a 2% increase in Q2 revenues, boosted by higher-margin services like OnStar and improved North American margins. The company raised its 2024 guidance, expecting adjusted free cash flow between $9.5 billion and $11.5 billion, a...
The US battery electric vehicle (BEV) market, valued at $102.56 billion in 2025, is projected to reach $715.5 billion by 2033, growing at a 25.6% CAGR. Growth is fueled by government incentives, expanding charging infrastructure, advances in battery ...
