GM Stock Analysis and Forecast
Based on the stock forecasts from 14 analysts, the average expected target price for The General Motors Company (GM) over the next 12 months is USD 47.09. This means that, on average, analysts believe that the stock price of GM will increase to reach this target price within the next 12 months.
According to the average analyst rating, which is based on the opinions and recommendations of the 14 analysts, GM is considered a “Buy” stock. This means that the majority of analysts believe that the stock is undervalued and has potential for growth in the future.
Stock Target Advisor, a stock analysis website, has a neutral rating for GM stock, which is based on 7 positive signals and 7 negative signals. The website uses a combination of technical and fundamental analysis to assess the stock.
As of the last closing, GM’s stock price was USD 35.73. Over the past week, the stock price has decreased by -6.78%, over the past month it has increased by +0.88%, and over the last year it has decreased by -36.47%. These figures show that the stock price has been fluctuating in the recent past, and the overall trend over the past year has been a decrease.
GM Considering Maverick EV
General Motors (GM) GM’s CEO Mary Barra has previously made it clear that her company is totally focused on producing an expansive line of electric vehicles (EVs), in all price ranges and segments.
Apparently GM is consideration is an all-electric pickup truck that would be positioned below the Colorado. This type of product would make a lot sense for GM’s product line and its brand, as it could attract buyers from Ford’s Maverick, while helping to expand the company’s EV product line of accessible and affordable EVs in the $30,000 price category.
GM’s EV Plan
General Motors (GM) has announced an ambitious strategy to transition to electric vehicles (EVs). The company aims to phase out internal combustion engines (ICEs) and transition to an all-electric fleet by 2035.
To achieve this goal, GM plans to invest $27 billion in electric and autonomous vehicles by 2025. This investment will be used to develop and manufacture a range of EVs across different segments and price points, including cars, SUVs, pickups, and commercial vehicles.
The company is also committed to using 100% renewable energy to power its operations and facilities by 2040. Additionally, GM is working to improve the charging infrastructure for its EVs by partnering with other companies to build more charging stations across the country.
GM has also announced several new EV models in recent years, including the Chevrolet Bolt, the Cadillac Lyriq, and the GMC Hummer EV. The company also plans to launch at least 20 new electric models globally by 2023, including the Ultium Platform, which is a scalable battery and drive system that will be used in a range of vehicles.
Overall, GM’s EV strategy is focused on creating a wide range of electric vehicles at different price points, investing in the development of new technologies, and working to improve the charging infrastructure for its EVs to make it more convenient for customers to own and drive them.