#2 - General Motors (NYSE:GM)
Sticking in the automotive sector, investors looking for undervalued stocks should consider General Motors (NYSE:GM). Although many investors don’t consider Tesla (NASDAQ:TSLA) to be a fair comparison, it’s worth noting that GM has a market cap of around 76 billion as of this writing. But the company delivered five million vehicles globally in 2020. Tesla deliver just under 500,000 vehicles and has a market cap of nearly 10 times that of GM.
Recently GM has made headlines by launching its Ultium Platform. According to GM, the platform will fit every type of vehicle and provide performance benefits in terms of range, power and the ability to charge quickly. The platform is also a cornerstone for GM’s plan to electrifying its entire fleet by 2035. As a first step, the company plans to have 30 new EVs available by 2025. The company is also partnering with EVgo a company to add 2,700 new fast charging stations throughout the United States.
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
- $55.60
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 6 Hold Ratings, 4 Sell Ratings.
- Consensus Price Target
- $56.92 (2.4% Upside)
