General Motors (GM) Stock Forecast & Price Target

$49.18

-0.20 (-0.41%)

(As of 10/18/2024 ET)

General Motors - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 22 Analyst Ratings

Sell
4

Hold
6

Buy
12

Based on 22 Wall Street analysts who have issued ratings for General Motors in the last 12 months, the stock has a consensus rating of "Hold." Out of the 22 analysts, 4 have given a sell rating, 6 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for GM.

Consensus Price Target

$55.35
12.54% Upside

According to the 22 analysts' twelve-month price targets for General Motors, the average price target is $55.35. The highest price target for GM is $96.00, while the lowest price target for GM is $33.00. The average price target represents a forecasted upside of 12.54% from the current price of $49.18.

GM Analyst Ratings Over Time

Type	Current Forecast 10/21/23 to 10/20/24	1 Month Ago 9/21/23 to 9/20/24	3 Months Ago 7/23/23 to 7/22/24	1 Year Ago 10/21/22 to 10/21/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	4 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$55.35	$55.27	$55.96	$50.47
Forecasted Upside	12.54% Upside	13.06% Upside	12.92% Upside	70.15% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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GM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

General Motors Stock vs. The Competition

Type	General Motors	Consumer Cyclical Companies	S&P 500
Consensus Rating Score	2.41	2.66	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	12.54% Upside	106.66% Upside	6.19% Upside
News Sentiment Rating	Positive News See Recent GM News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$60.00 ➝ $64.00	+32.01%
10/11/2024	DZ Bank 4 of 5 stars		Downgrade	Buy ➝ Hold	$49.00	+2.75%
10/9/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$54.00 ➝ $54.00	+14.99%
10/9/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$55.00 ➝ $55.00	+18.94%
10/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$53.00 ➝ $61.00	+36.04%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$47.00 ➝ $42.00	-12.63%
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9/23/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Roeska Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$53.00	+8.43%
9/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$34.00 ➝ $33.00	-26.88%
9/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold	$53.00	+11.81%
9/5/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
8/5/2024	Nomura Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Das Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell
7/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$60.00 ➝ $61.00	+32.96%
7/10/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$61.00 ➝ $64.00	+37.69%
6/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$75.00 ➝ $75.00	+55.57%
4/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$95.00 ➝ $96.00	+112.91%
4/24/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$44.00 ➝ $45.00	+0.29%
4/24/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$48.00 ➝ $52.00	+15.30%
2/15/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$86.00 ➝ $88.00	+125.64%
1/24/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$40.00	+13.54%
12/4/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$41.30	+27.63%
10/25/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$60.00	+115.21%
7/7/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$37.00 ➝ $39.00	-1.17%
1/30/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$45.00 ➝ $41.00	+8.04%
10/27/2022	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$38.00	-0.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:33 AM ET.

Should I Buy General Motors Stock? GM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 13, 2024. Please send any questions or comments about these General Motors pros and cons to contact@marketbeat.com.

General Motors
Bull Case

Here are some ways that investors could benefit from investing in General Motors:

General Motors has shown resilience in the market, with a consistent track record of growth and profitability, making it a stable investment option.
Recent institutional investments in General Motors indicate confidence from major financial entities, signaling a positive outlook for the company's future performance.
General Motors' focus on innovation and technology, particularly in electric vehicles and autonomous driving, positions it well in the evolving automotive industry, offering long-term growth potential.
The current stock price of General Motors presents a favorable entry point for investors looking to capitalize on potential future gains.
With a diversified product portfolio and global presence, General Motors is well-positioned to navigate market fluctuations and capitalize on emerging opportunities.

General Motors
Bear Case

Investors should be bearish about investing in General Motors for these reasons:

General Motors faces intense competition in the automotive industry, which could impact its market share and profitability in the long run.
The cyclical nature of the automotive sector may expose General Motors to economic downturns, affecting its financial performance and stock value.
Concerns about supply chain disruptions and semiconductor shortages could hinder General Motors' production capacity and lead to potential revenue losses.
Regulatory changes and environmental policies may pose challenges for General Motors, especially in terms of compliance costs and adapting to new industry standards.
Fluctuations in raw material prices, such as steel and aluminum, could impact General Motors' manufacturing costs and overall profitability.

GM Forecast - Frequently Asked Questions

: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for General Motors is $55.35, with a high forecast of $96.00 and a low forecast of $33.00.
: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for General Motors in the last twelve months. There are currently 4 sell ratings, 6 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GM, but not buy additional shares or sell existing shares.
: According to analysts, General Motors's stock has a predicted upside of 12.54% based on their 12-month stock forecasts.
: Over the previous 90 days, General Motors's stock had 5 downgrades and 1 upgrade by analysts.
: General Motors has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, DZ Bank, JPMorgan Chase & Co., Morgan Stanley, Nomura, Nomura Securities, Royal Bank of Canada, Sanford C. Bernstein, The Goldman Sachs Group, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like General Motors less than other "consumer cyclical" companies. The consensus rating for General Motors is Hold while the average consensus rating for "consumer cyclical" companies is Moderate Buy. Learn more on how GM compares to other companies.

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This page (NYSE:GM) was last updated on 10/20/2024 by MarketBeat.com Staff

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General Motors (GM) Stock Forecast & Price Target