General Motors (GM) Stock Forecast & Price Target

General Motors Co. displayed a positive financial trajectory for the 12 months ending September 2025, with net sales increasing by 2.6% year-over-year to $187.4 billion, fueled by robust demand for its full-size pickups and SUVs, as well as initial contributions from new electric vehicle (EV) launches. The company achieved a notable 7.5% rise in global vehicle sales, reaching 1.56 million units, and saw an increase in domestic market share to 17%, supported by a sequential growth of 14% in deferred revenue from its technology offerings, totaling approximately $5 billion. Furthermore, GM's EBITDAR improved by 11.6% year-over-year to $28.8 billion, with expectations for an additional 5.2% growth, reflecting strong operating efficiency and cost management.

General Motors faces a negative outlook primarily due to expectations of a weaker macroeconomic environment, which could adversely affect profits and cash flow, compounded by ongoing supply chain challenges that may lead to lower vehicle volumes. The transition to electric vehicles (EVs) and autonomous vehicles (AVs) is anticipated to be more expensive than initially projected, with initial investments likely to hurt profit margins, particularly as the profitability of GM's technology initiatives remains uncertain and is projected far into the future. Additionally, a downside scenario predicts that the company's 2026 expected auto earnings per share could be approximately 25% below base case estimates, highlighting the vulnerabilities associated with costs, tariffs, and investor sentiment towards the future earnings potential of GM's technology-focused ventures.