TD Cowen General Motors · GM

TD Cowen Reiterates Buy on General Motors, $132 Price Target

Aug 10, 2026 Analyst: Itay Michaeli 1 min read Reproduced verbatim
Rating
Buy
Price target
$132
Implied upside
+51%
vs $87.58 prior close
TD Cowen and General Motors logos

TD Cowen analyst Itay Michaeli reiterated a Buy rating and $132 price target on General Motors (NYSE: GM).

“GM SW EBIT Mix Poised To Double By ~2030; Suggests Upside To Our Street-High PT; Our refreshed GM SW/Services (OnStar & Super Cruise) model suggests SW/services EBIT mix doubling to ~30% by 2032 (>$5bln EBIT).

Two growth catalysts: (1) The 2028 launch of GM’s SDV 2.0 platform, including next-gen Super Cruise and L3; (2) New OTA features such as the recent Gemini update.

Our street-high $132 PT (9% ’27E FCF yld) doesn’t fully reflect these 2028+ opportunities. GM our Top Pick.”

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Tracking this call

Since this note−6% GM $87.58 → $82.01 (Oct 6) · moving away from the target

This callScored on Feb 9, 2027, six months after the note: did GM reach $132?

Firm track recordTD Cowen reached 76% of its 34 scored targets within six months (#6 of 31 firms); on General Motors, 0 of 2. Accuracy ranking →

TD Cowen on General Motors · target history
Oct 21, 2025 · $92 · Buy Jan 28, 2026 · $122 · Buy Apr 29, 2026 · $126 · Buy Jul 22, 2026 · $132 · Buy Aug 10, 2026 · $132 · Buy · this note
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Other General Motors notes

Goldman SachsBuy Raised price target +9%, kept rating · Oct 6 $112from $103 StoneXBuy Kept rating and price target · Oct 2 $105maintained UBSBuy Raised price target +12%, kept rating · Sep 14 $114from $102 JefferiesBuy Upgraded, raised price target +10% · Jul 27 $99from $90 Morgan StanleyBuy Raised price target +1%, kept rating · Jul 22 $101from $100
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.