General Motors Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
General Motors Company (NYSE:GM) is anticipated to report Q4 earnings of $1.16 per share, down from $2.12 per share a year ago, with projected revenue of $38.97 billion, a decrease from $43.11 billion. Cadillac is increasing production of the Lyriq EV. GM's stock closed up 0.3% at $35.28. Analysts have recently adjusted GM's price targets, with the most accurate analysts giving ratings ranging from Buy to Outperform and price targets between $40 and $60.
January 30, 2024 | 6:56 am
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General Motors is expected to report lower Q4 earnings and revenue compared to last year. Cadillac's increased Lyriq production and recent analyst upgrades with higher price targets may positively influence investor sentiment.
The anticipation of lower earnings and revenue could initially be negative for GM's stock. However, the positive outlook from top analysts and the ramp-up of Cadillac's Lyriq EV production, which indicates growth in the lucrative EV market, could counteract the negative earnings impact and lead to a positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100