General Motors

General Motors (NYSE:GM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 26.58% Barclays $37 → $44 Maintains Overweight 01/24/2024 15.07% Redburn Atlantic → $40 Initiates Coverage On → Neutral 01/04/2024 — Wolfe Research Upgrades Peer Perform → Outperform 12/04/2023 173.3% Citigroup $90 → $95 Maintains Buy 12/04/2023 18.81% HSBC → $41.3 Initiates Coverage On → Buy 12/04/2023 20.83% Mizuho $38 → $42 Upgrades Neutral → Buy 12/01/2023 55.35% RBC Capital $48 → $54 Maintains Outperform 11/30/2023 15.07% Wedbush $46 → $40 Maintains Outperform 11/30/2023 -22.32% Wells Fargo $25 → $27 Maintains Underweight 11/01/2023 6.44% Barclays → $37 Upgrades Equal-Weight → Overweight 10/27/2023 15.07% Morgan Stanley $41 → $40 Maintains Overweight 10/25/2023 9.32% Mizuho $40 → $38 Maintains Neutral 10/25/2023 38.09% RBC Capital $47 → $48 Maintains Outperform 10/25/2023 6.44% Barclays $42 → $37 Maintains Equal-Weight 10/25/2023 72.61% Benchmark → $60 Reiterates […]

Barclays analyst Dan Levy maintains General Motors (NYSE:GM) with a Overweight and raises the price target from $37 to $44.

General Motors (NYSE:GM) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/24/2024 13.22% Redburn Atlantic → $40 Initiates Coverage On → Neutral 01/04/2024 — Wolfe Research Upgrades Peer Perform → Outperform 12/04/2023 168.89% Citigroup $90 → $95 Maintains Buy 12/04/2023 16.9% HSBC → $41.3 Initiates Coverage On → Buy 12/04/2023 18.88% Mizuho $38 → $42 Upgrades Neutral → Buy 12/01/2023 52.84% RBC Capital $48 → $54 Maintains Outperform 11/30/2023 13.22% Wedbush $46 → $40 Maintains Outperform 11/30/2023 -23.58% Wells Fargo $25 → $27 Maintains Underweight 11/01/2023 4.73% Barclays → $37 Upgrades Equal-Weight → Overweight 10/27/2023 13.22% Morgan Stanley $41 → $40 Maintains Overweight 10/25/2023 7.56% Mizuho $40 → $38 Maintains Neutral 10/25/2023 35.86% RBC Capital $47 → $48 Maintains Outperform 10/25/2023 4.73% Barclays $42 → $37 Maintains Equal-Weight 10/25/2023 69.83% Benchmark → $60 Reiterates Buy → Buy 10/25/2023 18.88% Goldman Sachs $47

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month price target by $2 to $34, based on a 2025 P/E of 4.9x, a steep but justified discount to historic averages. Our earnings estimates remain unchanged. GM posts Q4 U.S. vehicle sales of 625,176 units (+0.3% Y/Y), in line with expectations. Notably, despite the impact of the UAW’s targeted strike, dealership inventories of GM vehicles hit 456,686 units at year end, the highest level since 2020. GM’s Q4 EV sales totaled only 19,504 units and the company said it will offer up to $7,500 in incentives on its EV models that no longer qualify for the federal tax credit with new, more stringent requirements that went into effect on January 1, which we view as yet another EV-related red flag. With inventories rising

General Motors (NYSE:GM) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 — Wolfe Research Upgrades Peer Perform → Outperform 12/04/2023 163.09% Citigroup $90 → $95 Maintains Buy 12/04/2023 14.37% HSBC → $41.3 Initiates Coverage On → Buy 12/04/2023 16.31% Mizuho $38 → $42 Upgrades Neutral → Buy 12/01/2023 49.54% RBC Capital $48 → $54 Maintains Outperform 11/30/2023 10.77% Wedbush $46 → $40 Maintains Outperform 11/30/2023 -25.23% Wells Fargo $25 → $27 Maintains Underweight 11/01/2023 2.46% Barclays → $37 Upgrades Equal-Weight → Overweight 10/27/2023 10.77% Morgan Stanley $41 → $40 Maintains Overweight 10/25/2023 5.23% Mizuho $40 → $38 Maintains Neutral 10/25/2023 32.93% RBC Capital $47 → $48 Maintains Outperform 10/25/2023 2.46% Barclays $42 → $37 Maintains Equal-Weight 10/25/2023 66.16% Benchmark → $60 Reiterates Buy → Buy 10/25/2023 16.31% Goldman Sachs $47 → $42 Maintains Buy 10/11/2023 149.24% Citigroup $95 → $90 Maintains

Morgan Stanley analyst Adam Jonas maintains General Motors (NYSE:GM) with a Overweight and lowers the price target from $41 to $40.

General Motors (GM) reported Q3 adjusted earnings Tuesday of $2.28 per diluted share, up from $2.25 a year earlier. Analysts polled by Capital IQ expected $1.84. Revenue for the quarter ended Sept. 30 was $44.13 billion, up from $41.89 billion a year earlier. Analysts surveyed by Capital IQ expected $43.25 billion.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We increase our 12-month price target by $2 to $30, based on a ’25 P/E of 4.2x, a steep but justified discount to historic averages. We increase our 2023 adjusted EPS estimate by $0.50 to $8.00, keep 2024 at $6.65, and introduce ’25 at $7.15. GM posts Q3 adjusted EPS of $2.28 vs. $2.25 (+1%), well ahead of the $1.84 consensus. The beat was driven by a stronger-than-expected top line, as revenue rose 5.4% to $44.13B ($880M above consensus) on stronger volumes (+5.2%). GM withdrew its prior 2023 adjusted EPS guidance of $7.15-$8.15 (current consensus = $7.49) due to uncertainty related to the UAW’s now 40-day-old targeted strike. GM also said it will moderate its EV production ramp-up for a variety of reasons, which we believe is

General Motors Co.’s stock (GM) rose 1.5% early Tuesday, after the carmaker blew past earnings estimates for the third quarter. The company had net income of $3.064 billion, or $2.20 a share, for the quarter, after income of $3.305 billion, or $2.25 a share, in the year-earlier period. Adjusted per-share earnings came to $2.28, well ahead of the $1.87 FactSet consensus. Revenue rose to $44.131 billion from $41.889 billion a year ago, also ahead of the $42.482 billion FactSet consensus. “We were profitable in every region, including China,” Chief Executive Mary Barra said in a letter to shareholders. “And GM International excluding China is on track to deliver significantly higher EBIT-adjusted in 2023 compared to a year ago.” Electric vehicle sales rose 28% from the second quarter after the company produced 32,000 EVs and made the first deliveries of the Chevrolet Blazer EV. It expects further volume increases in the

General Motors CEO Says Co Launching New SUVs With Profit Margins Up To 5 Points Higher Than Models They Replace.

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