General Motors Is An AI Powerhouse With Untapped Potential: Morgan Stanley
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on General Motors (NYSE:GM) with a price target of $38, highlighting the company's AI capabilities and potential in autonomous vehicles. Despite the market's focus on near-term profitability, Jonas believes GM's Cruise unit and in-house L2+ ADAS capabilities in Super Cruise and Ultra Cruise hold significant value.
June 14, 2023 | 5:46 pm
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Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on General Motors (NYSE:GM) with a price target of $38, emphasizing the company's AI capabilities and potential in autonomous vehicles.
The analyst's Overweight rating and price target of $38 indicate a positive outlook for GM's stock price. The emphasis on GM's AI capabilities and potential in autonomous vehicles, such as Cruise, Super Cruise, and Ultra Cruise, suggests that the market may be undervaluing these aspects of the company. This could lead to a potential increase in GM's stock price in the short term as investors recognize the value of these technologies.
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