TD Cowen Maintains Buy on GM, $132 Price Target
- Rating
- Buy
- Unchanged
- Target
- $132
- Unchanged
- Upside
- +74%
- GM at $75.70 today
What the analyst said
TD Cowen analyst Itay Michaeli reiterated a Buy rating and $132 price target on General Motors (NYSE: GM).
“Stock Pullback An Overreaction As Thesis Intact; Maintain $132 PT, Top Pick; GM remains our Top Pick, $132 PT.
We view Tuesday’s ~7% pullback as an overreaction to GM’s ’27 mark-to-market for recent oil/commodity inflation. A lower bar improves the ’27 setup as some cost and/or price offsets seem probable.
Higher ’26 FCF guide + $20bln buyback should gain appreciation once the dust settles. We continue to see multi-year EBIT growth tailwinds and a strong re-rating case.”
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Where the price stands
GM trades at $75.70. The 9 analysts who set a target in the last 3 months range from $95 to $132, with a median of $100. This $132 target is 32% above the median, the highest on the Street.
12-month window: day 0 of 365, closes on October 21, 2027.
Track record
This callOpen: a 12-month target, scored on October 21, 2027, a year after the note.
Firm track recordTD Cowen: 86% of its 22 targets at least a year old were reached within 12 months (#11 of 28 firms). Accuracy ranking →
TD Cowen on General Motors
TD Cowen price targets on General Motors
6 calls from October 21, 2025 to October 21, 2026. The target went from $92 to $132 (+43%). The rating stayed Buy.
Other analysts on General Motors
RBC CapitalBuy
Cut price target −4%, kept rating · Oct 21
$98from $102
Goldman SachsBuy
Cut price target −14%, kept rating · Oct 21
$96from $112
Morgan StanleyBuy
Cut price target −6%, kept rating · Oct 21
$95from $101
UBSBuy
Cut price target −3%, kept rating · Oct 21
$109from $112
BarclaysBuy
Cut price target −5%, kept rating · Oct 21
$105from $110