Piper Sandler Raises PT on GM to $105

Piper Sandler analyst Alexander Potter raised on January 28, 2026, the price target on General Motors to $105 (from $98) while maintaining an ‘Overweight’ rating on the stock.

“Upward Revisions Just Keep Coming; Boosting Price Target After Solid Q4;

After reviewing Q4 results, it seems clear to us that GM (still) has too much earnings power to ignore.

We are reiterating our Overweight rating, and boosting our price target to $105, up from $98.

Our new target remains based on 7x 2027 EPS, so the upward adjustment is due entirely to loftier EPS expectations.

Even though we’ve increased our estimates, we are still assuming only 8% EBIT margin in North America – which is at the low end of 2026 guidance – and in 2027, we assume this metric will rise by a modest 60bps y/y (to 8.6%).

If we gave GM full credit for achieving 10%+ EBIT margins in GMNA, the company would be earning well above $15/share in 2027, and that’s without maximizing buyback potential.

So, bottom line, we think investors should continue owning this stock.”

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