General Motors Maintains EV Strategy Amid Challenges, Stock Up Over 61% in a Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: stocktwits
- Commitment to EV Future: CEO Mary Barra reiterated that electric vehicles remain the 'end game' for General Motors, expressing confidence in accelerating EV adoption in the U.S. despite policy shifts and market challenges, showcasing the company's steadfast vision for the future.
- Strong Stock Performance: General Motors' shares have soared over 61% in the past 12 months, with a forward price-to-earnings ratio of 7.4x, significantly lower than Tesla's 229x, indicating investor confidence in its long-term growth potential.
- Optimistic Analyst Ratings: Among the 26 analysts covering GM, 18 have rated the stock as 'buy' or 'strong buy', reflecting a generally bullish sentiment on Wall Street, with expectations for the upcoming fourth-quarter earnings report to show an increase in earnings per share from $1.92 to $2.24.
- Retail Sentiment Shift: Although retail sentiment has shifted from 'bullish' to 'bearish' over the past month, message volume surged by 22% in the last 24 hours, indicating sustained interest in GM, reflecting a complex sentiment among investors regarding the company's future trajectory.
Analyst Views on GM
Wall Street analysts forecast GM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GM is 74.71 USD with a low forecast of 46.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 82.900
Low
46.00
Averages
74.71
High
100.00
Current: 82.900
Low
46.00
Averages
74.71
High
100.00
About GM
General Motors Company designs, builds and sells trucks, crossovers, cars and automobile parts and provides software-enabled services and subscriptions worldwide. The Company's segments include GMNA, GMI, Cruise and GM Financial. Its GM North America (GMNA) and GM International (GMI) develop, manufacture and/or markets vehicles under the Buick, Cadillac, Chevrolet and GMC brands. The Company provides automotive financing services through its General Motors Financial Company, Inc. (GM Financial) segment. Its Cruise segment is engaged in the development and commercialization of autonomous vehicle technology. Its software-enabled services and subscriptions, including OnStar, its advanced driver-assistance systems (ADAS), including Super Cruise driver assistance technology, and its end-to-end software platform. The Company is also focused on investing in electric vehicles (EVs) and AVs, software-enabled services and subscriptions and new business opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
