- General Motors (GM, Financial) partners with LG Energy Solutions to launch cost-effective, efficient LMR battery cells by 2028.
- Analysts forecast a potential 4.63% upside based on current price targets.
- GuruFocus estimates a 20.26% upside with a future GF Value of $60.20 for GM.
General Motors (GM) and LG Energy Solutions are taking a significant step forward with their joint venture, Ultium Cells, aiming for a groundbreaking launch in 2028. This initiative focuses on developing advanced lithium manganese-rich (LMR) battery cells. By reducing reliance on costly components such as cobalt, these innovations promise to cut costs and boost the efficiency of GM's electric vehicles, including the iconic Chevy Silverado and Cadillac Escalade.
Wall Street Analysts' Insights
A glance at the forecasts from 26 seasoned analysts reveals an intriguing picture for General Motors Co (GM, Financial). The average price target is set at $52.38, with a broad spectrum ranging from a high of $83.00 to a low of $34.00. This average target suggests a modest upside potential of 4.63% from GM's current price of $50.06. Investors can delve deeper into these projections on the General Motors Co (GM) Forecast page.
Moreover, insights from 30 brokerage firms collectively position General Motors Co's (GM, Financial) average brokerage recommendation at a favorable 2.5. This rating firmly places GM in the "Outperform" category, on a scale where 1 indicates a Strong Buy and 5 suggests a Sell.
Understanding GF Value and Estimations
In terms of long-term valuation, GuruFocus provides a compelling perspective with an estimated GF Value for GM of $60.20 in one year. This projection presents a notable upside of 20.26% from the current price of $50.06. The GF Value is a cornerstone metric, calculated by analyzing historical trading multiples, past business growth, and anticipated future performance. For comprehensive data, investors can explore further on the General Motors Co (GM, Financial) Summary page.
