#3 - General Motors (NYSE:GM)
General Motors Co. (NYSE: GM) is the largest U.S. automaker by market share, with approximately 17% of the market. Much of that has come from their internal combustion engine (ICE) vehicles, but the company is among the leaders in EVs, including autonomous technology.
The latter comes from the company’s Cruise division, which had a notable setback in 2023 after one of its autonomous vehicles dragged a pedestrian. However, the company is now operating again with supervised autonomous driving in three markets and driverless testing happening in Houston, Texas.
This is still a small part of GM’s overall business, and investors should note that it’s generating virtually no revenue. However, the company is managing to cut the expenses based on its more focused operational plan.
As of December 2024, GM stock looks fairly valued, but analysts have been raising their price targets. JPMorgan Chase, for example, raised its price target to $70, as did Barclays.
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
- $50.98
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 9 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $59.58 (16.9% Upside)
