Why is GM stock going down?
Shares of General Motors were falling Tuesday after the car maker caught a downgrade from Wall Street. Morgan Stanley analyst Adam Jonas has concerns about GM’s ability to transition to an all-electric future.
Is GM stock going to recover?
GM stock has risen by 78% since the end of 2018 compared to the S&P500 which has increased by 57% in the same period. In 2021 we expect revenue to recover marginally while earnings are expected to recover after a fall in 2020 with the impact of Covid-19.
Is GM a good stock to buy right now?
GM stock is up 8% year-to-date, and although that’s better than nothing, it’s an underperformance when compared to the 20% gains seen by the S&P 500. That said, a consensus target price above $47 – representing 30% upside – alongside a 4.2% dividend both make GM look like a compelling stock to buy today.
Is GM stock a buy sell or hold?
General Motors Company – Hold
Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of GM, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
Is GM stock expected to rise?
On average, Wall Street analysts predict that GENERAL MOTORS’s share price could reach $70.71 by Apr 1, 2023. The average GENERAL MOTORS stock price prediction forecasts a potential upside of 76.21% from the current GM share price of $40.13.
Is GM a good stock to buy 2022?
GM is posting strong earnings despite slashing production (particularly in the second half of the year) due to the global chip shortage. The company expects semiconductor supply to improve over the course of 2022, enabling higher production.
Who owns the most GM stock?
Top 10 Owners of General Motors Co
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 6.69% | 97,213,704 |
| Capital Research & Management Co…. | 6.55% | 95,124,907 |
| Capital Research & Management Co…. | 5.48% | 79,672,881 |
| BlackRock Fund Advisors | 4.61% | 66,917,342 |
What is GM expected to reach?
GameStop Corp (NYSE:GME)
The 3 analysts offering 12-month price forecasts for GameStop Corp have a median target of 87.70, with a high estimate of 90.00 and a low estimate of 30.00.
What do analysts say about GM stock?
According to analysts, General Motors’s stock has a predicted upside of 37.64% based on their 12-month price targets.
What is the prediction for GM?
Analyst Price Target on GM
Based on 17 Wall Street analysts offering 12 month price targets for General Motors in the last 3 months. The average price target is $71.13 with a high forecast of $100.00 and a low forecast of $44.00. The average price target represents a 77.25% change from the last price of $40.13.
What will GM stock be in 5 years?
According to analyst Wallet Investor’s GM stock forecast in 2022 -2025, the data provider expects the average stock price at $61.77 in the next 12 months and rising to $100.34 in the next five years.