JPMorgan has expressed confidence in General Motors, maintaining an overweight rating and increasing its price target from $98 to $110, which implies a 45% upside from the stock's recent closing price. Analyst Rajat Gupta highlighted GM's consistent execution in overcoming industry challenges such as tariffs and supply chain issues, which could lead to a re-rating of the stock.
Despite a nearly 7% decline in 2026 attributed to weak demand for electric vehicles and heightened competition, GM is expected to exceed EBIT expectations in its upcoming second-quarter report on July 21. Gupta also noted the potential for GM to enhance its stock value by focusing on autonomous technology and expanding its software and services revenue.
This positive outlook aligns with broader market sentiment, as 24 out of 31 analysts covering GM have rated the stock as a buy or strong buy