#3 - General Motors (NYSE:GM)
The first two electric vehicle stocks on this list are currently trading above the consensus price target of analysts. That’s not the case for General Motors (NYSE:GM). According to analysts, GM stock has a 28% upside from its level as of this writing.
General Motors is attacking the electric vehicle market on multiple fronts. First, it “aspires to eliminate tailpipe emissions from new light-duty vehicles” by 2035. And to support that aggressive target, GM is developing its own EV charging service, the Ultium Charge 360. I’m an investor that is a fan of companies that give consumers a reason beyond price to choose their products. And that could be what GM is achieving with this service. It doesn’t hurt that it’s another potential revenue stream.
GM stock dropped after delivering a mixed earnings report. It beat on earnings but came in light on revenue. However, if you’re looking to invest in a company that will be a major player in the EV market, you should look at this dip as an opportunity.
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
- $57.66
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 6 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $56.92 (1.3% Downside)
