General Motors (GM) PT Raised to $107 at RBC Capital

RBC Capital analyst Tom Narayan raised the price target on General Motors (NYSE: GM) to $107.00 (from $92.00) while maintaining a Outperform rating.

The analyst commented: "For '26, commodity and onshoring headwinds could be offset by regulatory benefits, warranty improvements, narrowing EV losses, and lower tariffs resulting from USMCA negotiations. Importantly, our '26 Adj. EBIT estimate is above consensus after factoring in a USMCA resolution (guidance does not reflect this). Further, we believe the company is well-positioned to navigate the EV demand slowdown while maintaining production flexibility to quickly scale if demand rebounds. Further, robust pricing discipline and $6B in shareholder returns (~8% of market cap) underscore our confidence in GM. We reiterate our Outperform rating and raise our PT to $107 from $92."

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