General Motors is likely to bounce back on its “consistent, steady” efforts to navigate industry headwinds and drive more value to shares, according to JPMorgan. The investment bank has an overweight rating on the automotive giant. It raised its price target to $110 from $98, suggesting 45% upside from Tuesday’s close. “We remain OW on GM shares given consistent, steady execution, navigating tariffs and supply chain bottlenecks, all of which should support a modest re-rating relative to current levels,” analyst Rajat Gupta said Wednesday in a note to clients. “We are attracted to the shares based on both valuation, particularly in comparison to battery electric vehicle only peers, as well as strong free cash flow dynamics on normalized earnings.” General Motors has pulled back nearly 7% in 2026 due to a sales slump. The decline is linked to lackluster demand for electric vehicles and increasing competition in the global automobile market. GM YTD mountain Shares have fallen 7% in 2026. However, the company is poised to modestly beat EBIT expectations for its second-quarter financial results, which could push up its shares, according to JPMorgan. General Motors will report Q2 numbers on July 21. Gupta added that General Motors could lean into autonomous technology and prioritize its software and services revenue growth to notch a more meaningful re-rating of its stock. JPMorgan’s call falls in line with consensus on the Street. Of the 31 analysts covering General Motors, 24 have a buy or strong buy on the stock, LSEG data shows.
