RBC Lowers GM Target Price to $96, Down from $107
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy GM?
Source: moomoo
- Price Adjustment: GM has reduced the price of the Chevrolet Bolt EV from $107,000 to $96,000.
- Market Impact: This price cut may influence the electric vehicle market and consumer purchasing decisions.
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Analyst Views on GM
Wall Street analysts forecast GM stock price to rise
19 Analyst Rating
14 Buy
4 Hold
1 Sell
Moderate Buy
Current: 79.460
Low
57.00
Averages
95.06
High
122.00
Current: 79.460
Low
57.00
Averages
95.06
High
122.00
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.
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- Market Impact: This price cut may influence the electric vehicle market and consumer purchasing decisions.
See More
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- Market Trend Analysis: The stock market continued its strong performance from Monday, driven by investor optimism for an end to the Iran war despite a breakdown in peace talks, with West Texas Intermediate crude falling 5% to $93 per barrel, indicating a cautious outlook for the future.
- Amazon Position Trimming: Jim Cramer indicated a willingness to trim the Amazon position due to its over 20% rise since March 27 and exceeding a 5% portfolio weight, aiming to protect profits and manage risk, although the fundamentals remain solid.
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- Infleqtion Coverage Initiation: Citigroup initiates coverage of quantum computing firm Infleqtion with a Buy/High Risk rating and a $20 price target, highlighting its uniqueness in the quantum computing sector, which may attract investor interest.
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See More
Deutsche Bank Upgrades GM to Buy Rating Amid Positive Outlook
- Rating Upgrade: Deutsche Bank upgraded General Motors from Hold to Buy, with analyst Edison Yu highlighting that the recent stock pullback presents an attractive entry point for investors, anticipating a multi-year re-rate story ahead.
- Profit Drivers: Despite a less stable outlook for 2026 compared to a few months ago, Deutsche Bank believes many of GM's profit drivers are within the company's control, particularly with the upcoming switch to the next-gen truck platform in 2027 expected to enhance profitability.
- Software and Services Growth: Analysts noted that GM's software and services stream is gaining momentum, and despite recent macroeconomic instability raising concerns, there has been no significant change in consumer behavior or volume declines, especially in the first quarter.
- Price Target Increase: Deutsche Bank raised GM's price target from $83 to $90, based on a 3.25X multiple to the 2026 auto EBITDAP estimate and 6X GM Financial earnings, reflecting confidence in the company's future profitability.
See More
Deutsche Bank Upgrades General Motors Amid Pullback
- Rating Upgrade: Deutsche Bank upgraded General Motors from hold to buy and raised its price target from $83 to $90, indicating a 17.1% upside from Monday's close, reflecting confidence in the company's future performance.
- Market Reaction: GM shares have dipped over 2% since the onset of the Iran war, primarily driven by concerns over rising shipping costs and potential supply shocks; however, analysts view this as an attractive entry point that could lead to a multi-year re-rate opportunity.
- Profit Drivers: While the outlook for 2026 is less stable than a few months ago, analysts emphasize that many of GM's profit drivers remain within the company's control, including the rollout of next-generation trucks in 2027, which could further boost stock performance.
- Software and Services Growth: Deutsche Bank highlights that GM's software and services segment is on track for growth; although it currently represents a minor part of the profit and loss statement, its growth trajectory is expected to enhance the company's valuation multiple, showcasing potential in new business areas.
See More
Tesla Q1 Sales Surpass All Competitors Combined
- Market Share Leadership: Tesla sold 117,300 vehicles in the U.S. in Q1, capturing 54.2% of the market share, significantly outpacing competitors' combined deliveries of 99,099 units; despite an 8.4% decline in sales from last year, its market share expanded due to a 27% drop in overall EV sales, showcasing Tesla's robust competitive position.
- Model Y Dominance: The Model Y delivered 78,591 units in Q1, accounting for over one-third of all EV sales in the U.S., further solidifying Tesla's market leadership and reflecting strong consumer preference for the model, which enhances Tesla's brand influence.
- Short-term Stock Price Recovery: TSLA stock rose 1% on Monday to $352.42, marking its third consecutive day of gains, indicating a positive market reaction to the sales data; despite skepticism from competitors, investor confidence remains strong amid market fluctuations.
- Retail Sentiment Turns Bullish: According to Stocktwits, retail sentiment for Tesla shifted from neutral to bullish with a significant increase in message volume, as investors express optimism about a potential recovery to $500, reflecting growing confidence in Tesla's future performance.
See More
RBC Lowers GM Target Price to $96, Down from $107
- Price Adjustment: GM has reduced the price of the Chevrolet Bolt EV from $107,000 to $96,000.
- Market Impact: This price cut may influence the electric vehicle market and consumer purchasing decisions.
See More
