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 models, increased availability of full-size SUVs, growth in OnStar services, reduced losses from electric vehicles, and ongoing share repurchases. The analyst projects adjusted earnings per share of $14.88 by 2027, valuing the stock at a 7x forward non-GAAP price-to-earnings ratio. Key risks include weaker vehicle affordability, lower demand for trucks, potential additional costs from electric vehicle restructuring, and slower digital profitability.
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 ...
