General Motors (GM) Stock Forecast & Price Target

$45.96

-0.02 (-0.04%)

(As of 09:46 AM 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 21 Analyst Ratings

Sell
4

Hold
5

Buy
12

Based on 21 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 21 analysts, 4 have given a sell rating, 5 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for GM.

Consensus Price Target

$55.47
20.62% Upside

According to the 21 analysts' twelve-month price targets for General Motors, the average price target is $55.47. 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 20.62% from the current price of $45.96.

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GM Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
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	5 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	$55.47	$55.17	$55.96	$50.47
Forecasted Upside	20.62% Upside	17.02% Upside	20.27% Upside	62.80% 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	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.43	2.46	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	20.62% Upside	149.22% Upside	8.05% Upside
News Sentiment Rating	Neutral 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
10/1/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$53.00 ➝ $61.00	+36.04%
9/25/2024	Morgan Stanley 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight	$47.00 ➝ $42.00	-12.63%
9/23/2024	Sanford C. Bernstein 3 of 5 stars	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
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8/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$58.00 ➝ $54.00	+24.05%
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	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$55.00 ➝ $55.00	+18.59%
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%
4/26/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$55.00 ➝ $60.00	+30.01%
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 Tuesday at 10:00 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 Thursday, October 3, 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' executive vice president recently purchased 25,000 shares of GM stock, showing confidence in the company's future performance.
Institutional investors like Healthcare of Ontario Pension Plan Trust Fund and Teachers Retirement System of The State of Kentucky have increased their stakes in General Motors, indicating positive sentiment towards the company.
General Motors has a strong presence in the electric vehicle market with models like the Chevrolet Bolt EV, positioning itself well in the growing EV industry.
The recent insider transactions, including the CFO's purchase of shares, suggest that company insiders believe in General Motors' long-term growth potential.
Despite market fluctuations, General Motors has maintained a stable stock price, offering investors a reliable investment option in the automotive sector.

General Motors
Bear Case

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

While General Motors has made strides in the EV market, competition from other automakers like Tesla and Ford could impact its market share and profitability.
The auto industry is subject to economic cycles and external factors, leading to potential volatility in General Motors' stock price.
General Motors' heavy reliance on traditional internal combustion engine vehicles may pose challenges as the industry shifts towards electric and autonomous vehicles.
The company's high debt levels and capital-intensive nature could limit its ability to invest in future technologies and innovations.
Global supply chain disruptions and semiconductor shortages have affected General Motors' production capacity, impacting its financial performance.

GM Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for General Motors is $55.47, with a high forecast of $96.00 and a low forecast of $33.00.
: 21 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, 5 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 20.68% based on their 12-month stock forecasts.
: Over the previous 90 days, General Motors's stock had 4 downgrades and 1 upgrade by analysts.
: General Motors has been rated by research analysts at Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Morgan Stanley, Nomura, Nomura Securities, Royal Bank of Canada, Sanford C. Bernstein, The Goldman Sachs Group, UBS Group, Wedbush, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like General Motors less than other "auto/tires/trucks" companies. The consensus rating score for General Motors is 2.43 while the average consensus rating score for "auto/tires/trucks" companies is 2.46. Learn more on how GM compares to other companies.

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This page (NYSE:GM) was last updated on 10/8/2024 by MarketBeat.com Staff

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