General Motors (GM) Stock Forecast & Price Target

General Motors is supported by a durable earnings base from its leading U.S. truck and SUV franchises, with 2025 U.S. share at 17.4% and North America margins expanding to 8.7% in Q3 2026. Its outlook improves further as recurring, high-margin businesses like OnStar, Super Cruise, and GM Defense scale, while Q3 2026 adjusted EBIT reached $4.11 billion, adjusted EPS was $3.70, and automotive free cash flow rose 40% to $5.88 billion. Strong balance sheet flexibility, $23.1 billion in automotive cash, and a new $20 billion share repurchase authorization reinforce confidence that improving EV economics, lower warranty costs, and rising capital efficiency can drive sustained shareholder value creation.

General Motors is facing a deteriorating fundamental setup as declining LTM performance has been hurt by manufacturing and restructuring costs, EV-related losses, tariff exposure, and a higher cost of capital, while slowing industry growth and weaker EV demand have constrained revenue and profitability. Fixed-cost deleverage, reduced manufacturing utilization, and international weakness, especially in China, are compounded by moderating GM Financial profitability and rising credit-loss risk, leaving key measures like EBITDAR, NOPAT, and ROC vulnerable if improvements do not materialize. The outlook remains negative because commodity and logistics inflation could add roughly $2B of y/y drag in 2027, while pricing competition, warranty costs, and autonomous setbacks may further pressure margins and cash flow despite the partial offset from the $20B share repurchase program.