General Motors Stock Closes at Record High
General Motors (GM) stock hit an all-time high of $80.80 during Wednesday’s trading session, surging nearly 5% in a single day. This prominent milestone reflects Wall Street’s growing confidence in GM’s strategic moves and future market positioning.
Wall Street Analysts Back GM With Major Upgrades
Two influential Wall Street firms fueled the rally by significantly upgrading their outlook on GM:
- Morgan Stanley: Analyst Andrew Percoco upgraded GM stock to a “Buy” rating while raising the price target from $54 to $90. Percoco commended GM’s revised electric vehicle strategy and favorable macroeconomic conditions.
- Goldman Sachs: Analyst Mark Delaney boosted the price target from $81 to $93, citing consistent bullish momentum in the auto and industrial tech sectors.
These upgrades showcase Wall Street’s growing optimism, driven by GM’s capital allocation strategies and investments in innovation.
Strategic Moves That Drive Momentum
GM’s recent successes are rooted in key strategic initiatives that include:
- Share Buyback: Completion of a $10 billion accelerated share repurchase program to return cash directly to shareholders.
- Investment Surge: A $4 billion investment in U.S. operations aimed at enhancing production capabilities and reducing tariff risks.
- Macroeconomic Benefits: GM stands to benefit from potential policy changes, such as the elimination of EV tax credits, relaxed emission standards, and anticipated interest rate cuts in late 2026—all of which could bolster consumer purchasing power.
Is GM Overvalued?
Wall Street remains divided on GM’s valuation. While bullish analysts like Wells Fargo maintain a “Sell” rating, others argue that GM is capitalizing on high-margin vehicle sales and consistent revenue growth. Despite hitting overbought territory in technical indicators, the stock’s upward trajectory suggests sustained bullish sentiment. The highest analyst price targets hover around the $100 mark, with GM’s average price target sitting modestly at $77.06.
GM’s Recent Recall and Senate Appearance
In other news, GM recently issued a recall of 3,408 Chevrolet Silverado 2026 models due to missing owner’s manuals. Meanwhile, CEO Mary Barra is scheduled to testify at a Senate hearing on January 14 concerning vehicle emissions and EV regulations—keeping GM in the spotlight for both investors and regulators.
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