General Motors (GM) Stock: Shares Hit Record High After Major Analyst Upgrades

TLDR

• General Motors stock hit an all-time high of $80.80 on Wednesday, gaining nearly 5% in a single trading session
• Morgan Stanley upgraded GM to Buy with a price target increase from $54 to $90, while Goldman Sachs raised its target from $81 to $93
• The stock has surged over 60% in the past six months, with a yearly gain of nearly 50%
• GM completed a $10 billion accelerated share repurchase program and plans to invest $4 billion in U.S. operations
• Analysts cite favorable factors including potential elimination of EV tax credits, relaxed emissions requirements, and future interest rate cuts

General Motors stock closed at a record $80.80 on Wednesday. The automotive manufacturer gained nearly 5% in the trading session.

General Motors Company, GM

The rally follows two major Wall Street upgrades this week. Morgan Stanley analyst Andrew Percoco raised his rating to Buy from Equalweight. He also increased his price target from $54 to $90.

Goldman Sachs analyst Mark Delaney followed suit with his own bullish call. He lifted his price target on GM from $81 to $93. Both analysts hold five-star ratings on TipRanks.

The stock has climbed over 60% in the past six months. This comes after a sluggish summer that saw shares hit a 52-week low of $41.60. The yearly gain now stands at 49.77%.

GM’s revenue reached $187.44 billion annually. The company has raised its dividend for four consecutive years. The current dividend yield sits at 0.78%.

Strategic Capital Allocation Drives Optimism

Morgan Stanley highlighted GM’s strategic moves over the past year. The company completed a $10 billion accelerated share repurchase program. This returned substantial capital to shareholders.

GM also revised its electric and autonomous vehicle growth plans. The automaker plans to invest $4 billion in U.S. operations. Percoco noted this investment could help GM avoid higher tariff costs.

The analyst pointed to several favorable macroeconomic trends. The potential phasing out of EV tax credits could benefit traditional automakers. Relaxed emissions requirements would boost high-margin internal combustion engine sales.

Future interest rate cuts could improve vehicle affordability by late 2026. This would likely drive increased consumer demand for new vehicles.

Market Sentiment Remains Strong Despite Mixed Signals

Goldman Sachs noted that auto and industrial tech stocks have performed well in 2025. Tariff-related concerns created volatility in auto stocks this year. However, stable auto volumes and positive sector forecasts kept sentiment upbeat.

Wells Fargo maintained its Sell rating on GM stock. The market appears unfazed by this bearish stance. Investors continue to pile into the stock’s upward momentum.

Some analysts worry the stock may be overvalued. RSI indicators suggest GM is in overbought territory. The highest analyst price target stands at $100.

Wall Street gives GM a Moderate Buy consensus rating. This includes 15 Buy ratings, two Holds, and one Sell. The average price target of $77.06 sits below the current trading price.

GM is also dealing with a recall of 3,408 Chevrolet Silverado trucks. The 2026 model trucks are missing owner’s manuals. The recall affects 1500, 2500, and 3500 series trucks.

CEO Mary Barra has been invited to testify at a Senate hearing on January 14. The hearing will address vehicle emissions and electric vehicle regulations. Other automotive leaders will also attend.

The Trump administration plans to announce new fuel efficiency standards. Senate Republicans are challenging vehicle safety mandates. These include automatic emergency braking and back-seat child reminder alarms.

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