- General Motors (GM, Financial) faces temporary layoffs due to declining electric vehicle demand.
- Analysts forecast a potential 27.06% upside for GM with a target price of $57.35.
- GM's average brokerage recommendation is "Outperform" with a GF Value estimate projecting a 27.23% upside.
General Motors (GM) has recently announced temporary layoffs involving around 700 employees across its facilities in Detroit and Ingersoll, Ontario. This decision is primarily driven by a noticeable decline in demand for its electric vehicle lineup. Specifically, the Detroit plant is seeing 200 workers impacted, while the Ingersoll site, known for its production of BrightDrop delivery vans, will affect 500 employees.
Analyst Price Targets and Market Outlook
General Motors Co (GM, Financial) remains a focal point for Wall Street analysts, with 25 analysts providing a one-year price target averaging $57.35. This estimate encompasses a high of $105.00 and a low of $34.00. Such projections suggest an optimistic 27.06% upside potential from GM's current stock price of $45.14. For comprehensive insights into these projections, visit the General Motors Co (GM) Forecast page.
Brokerage Recommendations
Market sentiment towards GM is largely positive, as reflected in the consensus recommendation from 29 brokerage firms, which currently stands at an average rating of 2.5. This rating suggests an "Outperform" classification on a scale where 1 indicates a Strong Buy and 5 signifies a Sell.
GF Value Estimation and Investment Implications
GuruFocus estimates that General Motors Co (GM, Financial)’s GF Value in one year could reach $57.43. This projection indicates a potential 27.23% upside from the present price of $45.14. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance forecasts. For further details, explore the General Motors Co (GM) Summary page.
