- General Motors is temporarily halting production at its Canadian plant due to weaker-than-expected demand for electric delivery vehicles.
- Wall Street analysts predict a robust upside for GM, with an average price target suggesting a 32.83% increase from current levels.
- GM is currently rated as "Outperform," with a GF Value estimate supporting a 32.48% potential rise.
General Motors Co. (NYSE: GM) has announced a temporary halt in production at its Ingersoll, Ontario facility, citing lower-than-expected demand for its electric delivery vehicles. This pause at the CAMI Assembly plant is set to extend until October, impacting approximately 500 workers with indefinite layoffs.
Wall Street Analysts' Forecasts for GM
In the realm of market forecasts, 25 analysts have set a one-year price target for GM. The average price target sits at $57.95, oscillating between a high of $105.00 and a low of $34.00. This average target suggests a potential upside of 32.83% from the current trading price of $43.63. For more in-depth analysis, visit our detailed General Motors Co (GM, Financial) Forecast page.
Brokerage firms collectively rank GM with an average recommendation of 2.5, translating into an "Outperform" rating. The rating scale varies from 1 (Strong Buy) to 5 (Sell), positioning GM favorably within this framework.
Understanding GF Value Estimates
GuruFocus' proprietary GF Value for GM stands at $57.80, forecasting a similar upward trajectory of 32.48% from its current value of $43.63. The GF Value represents an estimate of GM's fair market value, derived from historical trading multiples, the company's past performance, and future growth prospects. For further insights into GM's valuation, please explore our comprehensive General Motors Co (GM, Financial) Summary page.
Become a Premium Member to See This: (Free Trial):
