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.”
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