Yes, General Motors (GM) stock is generally expected to rise based on recent Wall Street analyst forecasts.
Wall Street analysts provide professional insights into a company's future stock performance, often setting price targets that suggest anticipated movements. For General Motors, the consensus among these experts indicates a positive outlook, with an average price target significantly higher than the current trading price.
Key Analyst Price Targets for GM
The projections for GM stock are compiled from multiple analyst assessments, offering a broad perspective on its potential short-to-medium-term performance. The following table summarizes the key figures derived from these forecasts:
| Metric | Value |
|---|---|
| Current Stock Price | $51.81 |
| Average Price Target | $57.94 |
| Potential Increase | 11.83% |
| Number of Analysts | 18 |
| Highest Forecast | $85.00 |
| Lowest Forecast | $35.00 |
| Forecast Period | Next 12 Months |
This average target of $57.94 represents an anticipated 11.83% increase from the current trading price of $51.81. These projections are based on the insights of 18 Wall Street analysts who issued their 12-month price targets within the last three months. While the average points to an upward trend, individual forecasts vary, with the highest analyst target set at $85.00 and the lowest at $35.00.
It's important to remember that these are expert forecasts and actual stock performance can be influenced by various market conditions and company-specific developments.
