Piper Sandler Upgrades GM to Overweight

Piper Sandler analyst Alexander Potter upgraded on January 8, 2026, General Motors from ‘Neutral’ to ‘Overweight’ with a price target of $98.

“It’s true: GM is an old-school carmaker that was nationalized during the financial crisis.

The company seems like a laggard in the race to develop in-house electrical architectures, and we’re iffy on GM’s role in autonomous driving.

But GM has been among the strongest performers in our coverage over the past year, and it’s easy to see why: GM makes a lot of money.

With limited risk from Chinese competition, GM seems poised to continue generating cash, defending price, and buying back stock.

Admittedly, we’re not the first to recognize this, but upward estimate revisions seem likely to continue, and it’s no use denying such a positive setup.

We’re upgrading to Overweight and boosting our price target to $98, up from $66.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.