European Investor
27 Jul 2026, 09:42
General Motors Stock Gains in Premarket After Jefferies Upgrades Shares to Buy
General Motors (NYSE: GM) shares rose 1.8% in premarket trading on Monday after Jefferies upgraded the automaker to Buy from Hold and set a $99 price target.
The upgrade signals renewed confidence in GM's outlook following a period of mixed sentiment toward the automotive sector. Jefferies' new price target represents meaningful upside from the stock's previous closing price of $82.59, suggesting the firm sees additional room for appreciation despite ongoing industry challenges.
The bullish rating comes as investors continue to assess the outlook for traditional automakers amid slowing electric vehicle demand growth, evolving trade policies, and a more stable interest rate environment. Analysts have become increasingly focused on companies with strong cash generation, disciplined capital allocation, and resilient North American operations.
GM has continued to benefit from solid profitability in its core pickup truck and SUV businesses while advancing its electric vehicle strategy and autonomous driving initiatives. Investors will be looking for further updates on vehicle demand, pricing trends, and EV margins in the company's upcoming earnings report.
Looking ahead, the Jefferies upgrade could help improve investor sentiment toward General Motors, though broader market attention will remain on second-quarter earnings, U.S. auto sales trends, and management's outlook for the remainder of the year.
General Motors (NYSE: GM) shares rose 1.8% in premarket trading on Monday after Jefferies upgraded the automaker to Buy from Hold and set a $99 price target.
The upgrade signals renewed confidence in GM's outlook following a period of mixed sentiment toward the automotive sector. Jefferies' new price target represents meaningful upside from the stock's previous closing price of $82.59, suggesting the firm sees additional room for appreciation despite ongoing industry challenges.
The bullish rating comes as investors continue to assess the outlook for traditional automakers amid slowing electric vehicle demand growth, evolving trade policies, and a more stable interest rate environment. Analysts have become increasingly focused on companies with strong cash generation, disciplined capital allocation, and resilient North American operations.
GM has continued to benefit from solid profitability in its core pickup truck and SUV businesses while advancing its electric vehicle strategy and autonomous driving initiatives. Investors will be looking for further updates on vehicle demand, pricing trends, and EV margins in the company's upcoming earnings report.
Looking ahead, the Jefferies upgrade could help improve investor sentiment toward General Motors, though broader market attention will remain on second-quarter earnings, U.S. auto sales trends, and management's outlook for the remainder of the year.
