General Motors Company (NYSE:GM) had its price target raised by Wedbush to $65 from $55, with analysts pointing to the automaker’s handling of tariffs and product pipeline as drivers of growth through 2026.
The firm maintained its ‘Outperform’ rating on the automaker, which traded hands at $57 on Tuesday afternoon.
“We are raising our price target on GM from $55 to $65, reflecting incremental momentum with the company’s growth story into 2026 while impressively navigating the tariff headwinds,” the analysts wrote.
“GM has many different strategies based on the range of options that should help soften the tariff damage regarding production relocation and a host of cost/logistics planning operations in 2025 and beyond.”
The company expects to incur between $4 billion and $5 billion in tariff-related costs, impacting EBIT-adjusted and free cash flow metrics.
In the most recent quarter, GM announced a $5 billion investment plan into multiple aspects of the business, which is incremental to its prior capital plans.
“Management has allocated a portion of these investments into cost efficiencies and internal capital reallocations to generate a greater return for this capital,” Wedbush noted.
The firm also highlighted potential trade deals. “We look to potential upcoming US trade deals with Canada and Mexico, which would decrease potential impacts for GM while the recently announced South Korea deal represents a solid first step to mitigating these tariff headwinds over the coming quarters,” they wrote.
The analysts cited GM’s product pipeline and partnerships as key growth drivers.
They see the company’s partnership with Hyundai as “a solid move,” noting the plan to co-develop up to five vehicles for 2028 and a next-generation commercial van for the North American market, with production expected to scale to 800,000 units annually.
“In a nutshell, while the tariff headlines continue to put further pressure on the bottom line in the near-term, we believe GM continues to impressively navigate the complex backdrop while seeing stable demand for its entire fleet of EVs and ICE vehicles,” they concluded. “We see brighter days ahead for GM into 2026.”