RBC Lifts Price Target on General Motors to $102 From $100, Keeps Outperform Rating

GM Defense announced a contract expansion with the US Army to supply 12,000 Infantry Squad Vehicles (ISV), up from an initial 649. The company highlighted its rapid delivery capabilities and showcased new concepts for an unmanned ground vehicle and energy storage system at the Association of the United States Army exposition.

JPMorgan reduced its price target for General Motors from $120 to $110. The stock is currently trading at $82.44, down 0.34% on the day but up 2.67% over the past year. This adjustment may impact investor sentiment and trading activity around GM.

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.