TD Cowen Boosts General Motors Price Target to $132

TD Cowen analyst Itay Michaeli raised the price target on General Motors (NYSE: GM) to $132 (from $126) while maintaining a Buy rating.

“Four Reasons Why Risk/Reward Remains Compelling Here; GM remains our Top Pick after another beat/raise.

We lift estimates and take our PT to $132, which we still regard as conservative at a ~9% ’27E FCF yield.

The case for multiple expansion has never been stronger, 2027 comments support our >consensus estimates, the 2028 growth picture is starting to form and the mix of high-margin/recurring revenue is growing nicely with a lengthy runway ahead.”

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.