JPMorgan Adjusts General Motors Price Target to $110 From $120

RBC increased its price target for General Motors (GM) from $100 to $102, maintaining an outperform rating. GM's stock is currently trading at $82.73, up 0.58% on the day and 5.70% over the past year. The adjustment reflects RBC's positive outlook on the company's performance.

LG Chem and GM agreed to build a $2.26B EV battery factory in the US, starting construction in mid-2020. SK Innovation completed a battery factory in China. South Korean battery companies are forming joint ventures with automakers. Global EV production is expected to grow 30% yearly until 2025, with battery market reaching $79.17B by 2023.

General Motors (GM) stock rose 7.4% in October, closing at $82.73. The company will end Silverado 1500 production in Canada, shifting to heavy-duty models. Q3 results are due October 20. Light-duty Silverado sales rose 13.3% in Q3, while heavy-duty sales fell 10.1%. GM's CFO emphasized production discipline. Analysts' target prices range around $100-$105, with a potential 21% total return by 2030.

GM reported Q3 2026 China sales of 358,000 vehicles, down from 470,000 in Q3 2025. New energy vehicles made up over 60% of sales, a record. Key models included the Buick Electra E7 and SAIC-GM-Wuling's Binguo and Hongguang MINIEV families. GM aims for profitable growth despite overall sales decline.

StoneX reiterated a Buy rating on General Motors (NYSE:GM) with a $105.00 price target, raising its EPS estimates for 2026 and 2027. GM's stock is up 44% over the past year. The firm cites truck and SUV profitability, cash generation, and share repurchases. GM reported a 5.5% decline in Q3 U.S. vehicle sales, including lower EV demand, and secured a $697.7 million contract modification for GM Defense. UBS raised its price target to $114, citing digital growth opportunities.

General Motors reported a quadrupling of private investment in North American automotive fixed assets since the USMCA ratification. In 2025, it spent $9.3B on capital expenditures, down 14.1% from 2024, as part of its EV transition strategy. For 2026, it projects $10B-$12B in investments, including automotive operations and battery ventures. Since 2018, automakers have announced $346B in U.S. investments, driving job creation and compliance with USMCA rules.