General Motors (GM) PT Raised to $132 at Tigress Financial Partners

Tigress Financial Partners analyst Ivan Feinseth raised the price target on General Motors (NYSE: GM) to $132.00 (from $130.00) while maintaining a Strong Buy rating.

The analyst comments "We reiterate our Strong Buy rating on GM and raise our 12-month target price from $130 to $132, as accelerating Defense opportunities, high margin-connected services, next-generation vehicles, and strong revenue and cash flow growth create a compelling investment opportunity. GM’s strong Q3 results, expanding profitability, and accelerating growth reinforce our bullish outlook. Accelerating operating performance, expanding margins, and improving returns on capital drive a significant Economic Profit recovery and long-term shareholder value creation. GM Defense, highlighted by accelerating military contracts, autonomous technologies, and advanced manufacturing, creates a powerful new growth engine. Accelerating OnStar and Super Cruise growth drives high-margin recurring revenue, profitability, and significant valuation upside. Next-generation Silverado and Sierra launches, expanded SUV capacity, and premium vehicle demand are driving accelerating growth and margin expansion. AI-powered autonomous driving and next-generation computing unlock significant software growth and valuation opportunities. Improving EV economics, lower warranty costs, and manufacturing efficiencies drive margin expansion and higher returns on capital. GM’s capital allocation targets 20%+ investment returns, U.S. manufacturing expansion, balance sheet strength, and accelerating shareholder value creation through strong free cash flow and a new $20 billion share repurchase authorization."

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