Wells Fargo & Company Boosts General Motors (NYSE:GM) Price Target to $60.00

Key Points

• Wells Fargo raised its price target on General Motors to $60 from $59, while keeping an underweight rating, implying about 24.9% downside from the current stock price.
• GM’s stock traded up 1.2% to $79.90, and the company reported solid quarterly results earlier this year, with EPS of $3.70 beating estimates and revenue slightly above expectations.
• Analyst sentiment remains mixed overall: the consensus rating is Moderate Buy with an average target price of $95.70, even as several recent analyst notes have adjusted targets and ratings in different directions.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U had its price target lifted by investment analysts at Wells Fargo & Company from $59.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the auto manufacturer's stock. Wells Fargo & Company's target price would suggest a potential downside of 24.90% from the stock's current price.

A number of other research firms also recently commented on GM. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and increased their price objective for the stock from $83.00 to $90.00 in a report on Tuesday, April 14th. The Goldman Sachs Group decreased their target price on shares of General Motors from $104.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Citigroup increased their price target on shares of General Motors from $108.00 to $131.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. Wedbush restated an "outperform" rating and set a $95.00 price target on shares of General Motors in a report on Monday, May 11th. Finally, Barclays reduced their price objective on shares of General Motors from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, General Motors presently has a consensus rating of "Moderate Buy" and an average target price of $95.70.

General Motors Stock Up 1.2%

GM stock traded up $0.95 during midday trading on Thursday, reaching $79.90. The company had a trading volume of 1,912,881 shares, compared to its average volume of 8,004,992. The company has a 50 day moving average of $79.35 and a two-hundred day moving average of $79.36. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors has a 1 year low of $47.72 and a 1 year high of $87.62. The company has a market capitalization of $72.04 billion, a P/E ratio of 32.33, a PEG ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $2.61 by $1.09. The business had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities research analysts expect that General Motors will post 12.85 earnings per share for the current fiscal year.

Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 99,239 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the completion of the transaction, the chief executive officer directly owned 592,242 shares in the company, valued at $50,399,794.20. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $84.97, for a total transaction of $775,266.28. Following the sale, the executive vice president directly owned 37,395 shares in the company, valued at $3,177,453.15. This represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 697,388 shares of company stock valued at $57,752,596 over the last quarter. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GM. Laurel Wealth Advisors LLC acquired a new stake in General Motors in the fourth quarter worth about $25,000. Evergreen Advisors LLC acquired a new stake in shares of General Motors during the 1st quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its position in shares of General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer's stock worth $27,000 after buying an additional 275 shares during the period. SouthState Bank Corp raised its stake in shares of General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock worth $29,000 after buying an additional 177 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new position in General Motors in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Key General Motors News

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: GM unveiled the 2027 GMC Sierra 1500 with new V-8 engine options and refreshed styling, a sign it is investing in one of its most important truck franchises and trying to keep pricing power strong in a key profit center. GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
• Positive Sentiment: GM said it will add 3.5 billion reais, or about $675 million, to its Brazil investment plan through 2028, boosting hybrid production and factory modernization, which could improve long-term capacity and regional growth. GM adds $675 million to Brazil investment plan
• Positive Sentiment: GM also announced a $275 million investment in Spring Hill operations and added future Cadillac production there, reinforcing its commitment to U.S. manufacturing and premium vehicles. GM invests $275 million in Spring Hill operations, adds future Cadillac production
• Neutral Sentiment: Reports highlighted GM’s expansion into energy, grid services, battery recycling, vehicle-to-grid technology, robotics, and even possible defense-related plant repurposing, which could create optionality but is still early and execution risk remains. Should GM’s Push Into Energy, Grid Services, and Defense Work Require Action From General Motors (GM) Investors?
• Neutral Sentiment: Analysts are revisiting GM’s valuation as battery, software, and autonomous-technology bets draw debate, suggesting expectations are shifting but not yet settled. General Motors (GM) Stock Sees Split Analyst Revisions As Battery And Software Bets Draw Debate
• Negative Sentiment: GM is facing competitive pressure in the U.S. market, with a new forecast showing Toyota gaining ground while GM’s U.S. sales are expected to decline, which could raise concerns about share loss. Toyota is gaining on General Motors in U.S. sales: 'GM may be looking over their shoulder'
• Negative Sentiment: Additional headlines about layoffs tied to automation and broader worries about Detroit automakers losing truck and SUV momentum may also add pressure to sentiment around GM. General Motors Layoffs: Inside The Automation Shift Linked To More Than 1,000 Job Losses

General Motors Company Profile

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world's largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM's operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.