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:
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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：
通用汽車披露了Q3的結果，顯著強於預期，導致2024年全年EBIt預測略微提升，自由現金流前景大幅改善。這一信息增強了對管理層在最近投資者日提出的預測的信念，特別是加快股份回購以在2025年初之前將股數降至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，在公司Q3表現中得到體現。儘管市場波動，但有人相信該公司值得獲得顯著的估值倍數，遠高於傳統的5倍。
通用汽車在北美大型SUV市場的主導地位有助於平衡其他市場細分中觀察到的一些較低的定價壓力。預計公司強於預期的Q3收入、更新的指導方針以及Q4建議的股份回購將導致一致預期和市場預期的上調。
通用汽車最近一個季度的表現被比作傑出的體育成就，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幾個季度，公司一直專注於優化內燃機（ICE）和電動車（EV）產品。同時，公司正在平衡新產品推出，並以緊迫感優先考慮盈利能力。
通用汽車股票經歷了近10%的上漲，此後股份回購計劃的再確認將回購約10000萬股。公司Q3每股收益超出預期以及毛利率增加導致全年EBIt預測水平提高。然而，仍然存在有關定價、成交量和電池電動車混合等方面的風險，所有這些因素影響了對Q4保守指導的感知。此外，保修問題已成爲一個新的關注領域。
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：
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