GM jumps as Deutsche Bank upgrades to Buy, lifts price target to $90
General Motors shares rose about 3% after Deutsche Bank upgraded the stock to Buy from Hold and lifted its price target to $90 from $83 on April 14, 2026. The call framed the recent pullback as an attractive entry point and raised the valuation multiple used in its 2026 model.
1. What’s driving GM today
General Motors is moving higher today after Deutsche Bank upgraded the stock to Buy from Hold and raised its price target to $90 from $83. The firm said the recent pullback created an attractive entry point and argued GM has a path to a multi-year re-rating, supported by its updated valuation framework that applies a higher multiple to 2026 estimated auto EBITDAP and separate multiples for GM Financial and China equity income.
2. What the market is reacting to
The upgrade provides a fresh catalyst for a stock that has been trading heavily around shifting sentiment on legacy automakers versus EV-focused names. A higher target multiple signals increased confidence that GM’s earnings and cash generation can be sustained, which tends to support both near-term price momentum and incremental buyer interest from investors who anchor to analyst targets.
3. What to watch next
The next key test is whether GM can deliver results that keep the re-rating narrative intact—particularly margin resilience, cash flow, and any commentary on pricing and demand across trucks and SUVs. Investors will also watch for follow-on rating changes from other firms and any company updates that could reinforce or challenge the durability of GM’s 2026 outlook.