#4 - General Motors (NYSE:GM)
General Motors (NYSE:GM) along with Ford is the other legacy automaker on this list. GM stock is up approximately 40% in 2021 despite a recent 5% pullback in the stock. But that is largely due to the automaker’s current struggle to deal with the global chip shortage.
However, General Motors stock is not soaring to a new five-year high because of its internal combustion cars and trucks. Rather, GM is pledging to be all-electric by 2035. And the company’s path to this future is its Ultium Platform. The platform, which GM describes as “revolutionary” will be a part of the 30 EV’s the company plans to have available globally by 2025.
And similar to Tesla, GM has formed a partnership with EVgo, a company with the largest public fast-charging network. Over the next five years, the two companies will work to add more than 2,700 of EVgo’s fast chargers.
About General Motors
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
Read More - Current Price
- $54.28
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 9 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $58.70 (8.1% Upside)
