Summary
- General Motors (GM, Financial) shares surge past the 200-day moving average fueled by positive developments.
- Analysts forecast an average price target of $53.04, signifying potential growth.
- GuruFocus estimates a GF Value upside of 20.53% for GM.
General Motors (NYSE: GM) has been experiencing a remarkable surge, with its shares breaking past the crucial 200-day moving average. This positive momentum is attributed to a promising second-quarter forecast, substantial U.S. investments, and the unveiling of plans for a 2027 plug-in hybrid launch. Although the demand for GM's electric vehicles (EVs) remains robust, the company acknowledges the hurdles in achieving its ambitious EV production targets due to current market dynamics.
Wall Street Analysts Forecast
Insights from 26 Wall Street analysts reveal an average one-year price target for General Motors Co (GM, Financial) at $53.04. This target spans a high estimate of $83.00 and a low of $34.00, indicating an anticipated upside of 6.24% from the current share price of $49.93. Investors seeking more granular data can refer to the detailed projections available on the General Motors Co (GM) Forecast page.
The consensus recommendation from 30 brokerage firms rates General Motors Co (GM, Financial) at 2.5, reflecting an "Outperform" status. On this scale, a rating of 1 reflects a Strong Buy, while 5 indicates a Sell.
According to GuruFocus estimates, the one-year GF Value for General Motors Co (GM, Financial) stands at $60.18. This suggests a substantial upside potential of 20.53% from the present price of $49.93. The GF Value, a GuruFocus proprietary metric, represents the estimated fair value of the stock, derived from historical trading multiples, past business growth, and future business performance projections. Detailed estimates can be explored on the General Motors Co (GM) Summary page.
