Wedbush Lifts General Motors Price Target to $95, Citing Strong Cash Flow and Strategic Shift Away from Cooling EV Market
Summary
Wedbush analysts recently delivered a significant vote of confidence in General Motors (GM), raising the 12-month price target to a street-high **$95** from $75 and reiterating an "outperform" rating. The upgrade is driven by GM's strategic pivot to prioritize its profitable core gasoline-powered vehicle business while managing a slowdown in electric vehicle (EV) demand. Analysts highlighted GM's improving cash flow prospects and projected "near-perfect execution" in supply-chain management through 2026, positioning GM favorably against its peers.
Wedbush upgraded General Motors with a new $95 price target.
The firm cited GM's strategic pivot away from cooling EV demand.
This move is expected to drive strong cash flow and operational execution.
Key Takeaways
- Price target increased sharply from $75 to $95, a $20 boost.
- GM is leveraging its core gasoline business to fund future EV plans.
- Analysts project "near-perfect execution" in supply chain management through 2026.
Sentiment: Bullish
The significant price target increase reflects confidence in GM's strategic positioning and cash flow outlook.
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