GM - 4 General Motors Analysts Confirm Strong EV Strategy: 'Capital Allocation Will Remain A Tailwind' | Benzinga
General Motors Co (NYSE:GM) exceeded earnings expectations as it reported first-quarter (Q1) earnings on Tuesday.
The company achieved a 7.6% year-on-year increase in quarterly sales, reaching $43.01 billion, surpassing the analyst consensus of $41.88 billion. Additionally, adjusted EPS stood at $2.62, outperforming the consensus estimate of $2.14.
Despite these gains, GM’s market share dipped slightly to 8.1% overall, with decreases noted in both the U.S. and China compared to the previous year. The stock closed lower on Tuesday but has been trading in the green on Wednesday.
Here’s what analysts have said about GM’s first-quarter (Q1) earnings report:
- Goldman Sachs analyst Mark Delaney, CFA has a Buy rating on GM stock with a 12-month price target of $52. The price target implies an upside of 15.3%.
- Piper Sandler analyst Alexander Potter has Neutral rating on the stock with a price target of $45 a share.
- BofA Securities analyst John Murphy, CFA has a Buy rating on the stock with a price objective of $75 – implying an upside of 66.3%.
- Mizuho Securities analyst Vijay Rakesh maintained Buy ...