RBC Capital Increases General Motors Price Target to $100

RBC Capital analyst Tom Narayan raised the price target on General Motors (NYSE: GM) to $100 (from $94) while maintaining an Outperform rating.

“GM’s Q2 beat reflects the durability of its pricing power and cost execution.

The $500M guidance raise is underpinned by $250M each of better pricing and warranty, with the latter expected to continue as a multiyear tailwind into 2027 and beyond.

With a long-term margin expansion opportunity through Super Cruise, energy storage, GM Defense, and GM Insurance, we raise our PT to $100 from $94 and reiterate our Outperform rating.”

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