Summary:
- General Motors shifts focus from autonomous vehicles to advanced driver assistance systems.
- Analysts forecast an average price target, suggesting a 16% potential upside for GM stock.
- GM receives a consensus "Outperform" rating with a projected fair value increase to $57.38.
General Motors (GM, Financial) has strategically redirected its innovation efforts by halting operations of its Cruise autonomous vehicle division. This pivot allows the company to concentrate on enhancing driver-assist technologies for consumer vehicles. Despite challenges in the robotaxi sector, GM leverages Cruise's technological expertise to bolster its advanced driver assistance systems portfolio.
Wall Street Analysts Forecast
Wall Street analysts remain optimistic about GM's future, providing a one-year average price target of $54.65. This target suggests a potential upside of 16% from GM's current share price of $47.11. Notably, the projections range from a high of $105.00 to a low of $34.00, offering diverse perspectives on the stock's performance. More detailed projections and analyses can be explored on the General Motors Co (GM, Financial) Forecast page.
In terms of investment recommendations, consensus among 30 brokerage firms positions General Motors Co at a 2.5 rating, aligning with an "Outperform" sentiment. This rating indicates that analysts commonly perceive GM as a stock that is likely to perform better than the overall market. The rating system uses a scale from 1 to 5, with 1 reflecting a Strong Buy and 5 indicating a Sell.
GuruFocus calculates the estimated GF Value of GM at $57.38 over the next year. This projection points to a promising upside of 21.8% from the current price of $47.11. The GF Value is derived from historical trading multiples, past business growth, and future performance estimates, offering investors a comprehensive view of the stock's potential fair value. For a more detailed breakdown, visit the General Motors Co (GM, Financial) Summary page.
