Key Takeaways:
JPMorgan has initiated its coverage on General Motors Co. (NYSE: GM), assigning the stock an “Overweight” rating and a price target of $98 per share.
The rating serves as a strong vote of confidence from the investment bank, suggesting that it expects General Motors to outperform the average return of stocks in its sector over the next eight to 12 months. The initiation follows a period of positive performance for the Detroit-based automaker.
The new price target implies a significant 24.4% upside from GM's recent trading price of $78.80. The company currently has a market capitalization of approximately $71 billion and trades at a price-to-earnings ratio of 29.62, according to data from May 10.
The bullish call from a major Wall Street firm could help sustain GM's recent momentum. Over the past six months, GM's shares have climbed 10.8%, a performance that has outpaced key rival Ford Motor Company (F), which saw its stock decline by 7.5%, and electric vehicle leader Tesla, Inc. (TSLA), which dropped 10.4% over the same period.
For investors, JPMorgan's initiation provides a fresh bullish signal on one of the world's largest automakers as it navigates the transition to electric vehicles. The positive outlook stands in contrast to recent data showing significant selling by company insiders. Investors will continue to watch GM's ability to execute on its EV production goals and maintain its U.S. market share, which stood at 17.4% in 2025.
This article is for informational purposes only and does not constitute investment advice.
