On Oct 24, major Wall Street analysts update their ratings for $General Motors (GM.US)$, with price targets ranging from $38 to $85.
Morgan Stanley analyst Adam Jonas maintains with a sell rating, and maintains the target price at $46.
J.P. Morgan analyst Ryan Brinkman maintains with a buy rating, and sets the target price at $70.
BofA Securities analyst John Murphy maintains with a buy rating, and maintains the target price at $85.
Barclays analyst Dan Levy maintains with a buy rating, and maintains the target price at $70.
Wells Fargo analyst Colin Langan maintains with a sell rating, and adjusts the target price from $33 to $38.
Furthermore, according to the comprehensive report, the opinions of $General Motors (GM.US)$'s main analysts recently are as follows:
General Motors has disclosed Q3 results that were significantly stronger than expected, prompting a slight elevation in the EBIT forecast for the full year of 2024 and a substantially improved free cash flow outlook. This information reinforces the belief in the management's forecast presented during the recent investor day, particularly their plans to expedite share buybacks to achieve a share count of less than 1 billion by the beginning of 2025.
General Motors maintains a trajectory of robust gross margin earnings and strong free cash flow generation, as reflected in the company's Q3 performance. Despite market fluctuations, there is a belief that the company merits a significant valuation multiple, well above the conventional 5x.
General Motors' dominance in the North American large SUV market is contributing to balancing out some of the lower pricing pressures observed in other market segments. It is anticipated that the company's stronger-than-expected Q3 earnings, updated guidance, and the suggested share repurchase in Q4 will lead to an upward revision in consensus estimates and market expectations.
General Motors' recent quarter performance has been compared to an outstanding athletic achievement, showcasing very strong results. This trend is a continuation of previous impressive quarters, with the company maintaining a dedicated focus on optimizing its internal combustion engine (ICE) and electric vehicle (EV) offerings. Simultaneously, the firm is balancing new product launches and prioritizing profitability with a sense of urgency.
General Motors' shares experienced an approximate 10% rise following the reaffirmation of plans to repurchase approximately 100 million shares. The company's Q3 earnings per share outperformance and an increase in gross margin have led to an elevated full-year EBIT forecast. Nevertheless, there continues to be perceived risks related to pricing, volume, and the mix of battery electric vehicles, all of which are factors influencing the conservative guidance for Q4. Additionally, the issue of warranty has emerged as a new area of concern.
Here are the latest investment ratings and price targets for $General Motors (GM.US)$ from 7 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
美東時間10月24日，多家華爾街大行更新了$通用汽車 (GM.US)$的評級，目標價介於38美元至85美元。
摩根士丹利分析師Adam Jonas維持賣出評級，維持目標價46美元。
摩根大通分析師Ryan Brinkman維持買入評級，目標價70美元。
美銀證券分析師John Murphy維持買入評級，維持目標價85美元。
巴克萊銀行分析師Dan Levy維持買入評級，維持目標價70美元。
富國集團分析師Colin Langan維持賣出評級，並將目標價從33美元上調至38美元。
此外，綜合報道，$通用汽車 (GM.US)$近期主要分析師觀點如下：
通用汽車已披露了Q3結果，遠超預期，導致對2024年全年EBIt預測略微提升，並大幅改善了自由現金流展望。這一信息進一步支持了管理層在最近投資者日提出的預測，特別是他們計劃加快回購股份，以在2025年初前將股數控制在10億以下的計劃。
通用汽車保持強勁毛利率收入和強勁自由現金流生成的軌跡，這體現在公司的Q3表現中。儘管市場波動，但有一種觀點認爲該公司值得獲得高於傳統5倍的顯著估值倍數。
通用汽車在北美大型SUV市場的主導地位有助於抵消其他市場領域觀察到的較低價格壓力。人們預計公司強於預期的Q3收入、更新後的指導以及Q4建議的股份回購將導致共識預期和市場期望上調。
通用汽車最近一個季度的表現被比作出色的體育成就，展示了非常強勁的業績。這一趨勢延續了之前令人印象深刻的季度，公司繼續專注於優化其內燃發動機（ICE）和電動車（EV）產品。同時，公司正在平衡新產品推出，並着重考慮盈利能力和緊迫感。
通用汽車股票在確認回購約10000萬股計劃後出現了約10%的上漲。公司Q3每股收益超預期和毛利率增加導致全年EBIt預測上調。然而，仍然存在關於價格、成交量和電池電動車混合比等感知風險，所有這些因素都影響到Q4的保守指導。此外，保修問題已成爲一個新關注領域。
以下爲今日7位分析師對$通用汽車 (GM.US)$的最新投資評級及目標價：
提示:
TipRanks為獨立第三方，提供金融分析師的分析數據，並計算分析師推薦的平均回報率和勝率。提供的信息並非投資建議，僅供参考。本文不對評級數據和報告的完整性與準確性做出認可、聲明或保證。
TipRanks提供每位分析師的星級，分析師星級代表分析師所有推薦的過往表現，通過分析師的總勝率和平均回報率综合計算得出，星星越多，則該分析師過往表現越優異，最高爲5颗星。
分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
