GM's long-term story remains intact despite margin concerns
GM•General Motors' third-quarter core profit rose sharply on strong pickup truck sales, but it signaled pressure from higher commodity costs and softer truck demand. Analysts cited new truck launches, software growth, lower EV losses and buybacks as potential offsets; the median price target among 27 brokerages is $100.50.
1. Analysts see offsets
J.P. Morgan, Morgan Stanley, Piper Sandler and TD Cowen highlighted truck launches, growing software revenue and lower EV-related losses as potential supports for GM's earnings amid cost pressures. Piper Sandler said it expects GM shares to remain under pressure until the company provides 2027 guidance, while citing a $20 billion buyback program and improvements in software revenue, warranty costs and EV profitability.
