TD Cowen Reiterates $92 Price Target and ‘Buy’ Rating on GM
- Rating
- Buy
- Unchanged
- Target
- $92
- Outcome
- Missed
- within 12 months
What the analyst said
TD Cowen analyst Itay Michaeli reaffirmed on October 21, 2025, General Motors’ ‘Buy’ rating, maintaining a price target of $92.
“A positive outcome consistent with our thesis and preview thoughts (here).
Q3 EBIT adj. beats consensus by 24% with the midpoint of upwardly revised ’25 guidance implying Q4 EBIT-adj. ~9% above.
Perhaps most impressive is the ’25 FCF guidance raise (+18%) despite expected de-stocking this year.
New FCF guide implies ~18% FCF yld. Initial 2026 comments also encouraging.
GM our top pick ($92 tgt).”
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Where the price stands
GM trades at $86.16. The 10 analysts who set a target in the last 3 months range from $95 to $132, with a median of $103. This $92 target is 10% below the median, the lowest on the Street.
Since the note GM has moved +49% (from $58). The 12-month window closed on October 21, 2026.
Track record
This call✗ Not reached within 12 months: a year after the note GM closed at $76.11, 17% below the $92 target, but it moved the way the analyst expected.
Firm track recordTD Cowen: 83% of its 36 targets at least a year old were reached within 12 months (#5 of 26 firms). Accuracy ranking →
TD Cowen on General Motors
TD Cowen price targets on General Motors
6 calls from October 21, 2025 to October 21, 2026. The target went from $92 to $132 (+43%). The rating stayed Buy.
Other analysts on General Motors
Tigress Financial PartnersBuy
Raised price target +2%, kept rating · Oct 28
$132from $130
Deutsche BankBuy
Cut price target −3%, kept rating · Oct 22
$98from $101
RBC CapitalBuy
Cut price target −4%, kept rating · Oct 21
$98from $102
Goldman SachsBuy
Cut price target −14%, kept rating · Oct 21
$96from $112
Morgan StanleyBuy
Cut price target −6%, kept rating · Oct 21
$95from $101