Wolfe Research Sees $96 Target for GM, Forecasts $16 EPS in 2027
Wolfe Research upgraded General Motors to Outperform with a $96 target, citing revised production and commodity estimates that enhance its risk/reward profile. Analysts forecast $12.37 EPS in 2026 and $16.03 in 2027, driven by roughly $1.7 billion from a full-size pickup, lower warranty costs, reduced tariffs and tighter EV losses.
1. Wolfe Research Upgrade
Wolfe Research raised General Motors from Peer Perform to Outperform and set a $96 price target after updating production and commodity cost assumptions that improve the company’s risk/reward profile.
2. Key Revenue Drivers
Analysts highlighted roughly $1.7 billion in incremental revenue from a refreshed full-size pickup, alongside lower warranty expenses, reduced tariff burdens and narrowing losses in the electric vehicle segment.
3. Earnings Forecast Revisions
The firm now projects GM will earn $12.37 per share in 2026 and $16.03 in 2027, reflecting stronger margins and ongoing cost efficiencies.
4. Sector Valuation Context
Auto stocks have declined about 8% over the past three weeks, creating what Wolfe Research deems an attractive entry point for select names like General Motors.