Is GM Stock a Buy?
General Motors (NYSE: GM) has been a terrific business to have owned this year. Shares have climbed 30% in 2024 (as of Aug. 22), easily outpacing the 18% rise of the broader S 500 index.
The Detroit carmaker is pleasing its shareholders during a time when its crosstown rival, Ford, has dropped 10%. But is GM a smart buy right now? Let's look at both the bull and bear cases for this auto stock.
GM's business is performing well, as the company's second-quarter 2024 (ended June 30) financial results came in well ahead of Wall Street expectations. Registering impressive top-line performance, with sales totaling just under $48 billion, was a key highlight. Pricing continues to be a tailwind.
Source Fool.com
General Motors Corp Stock
€41.62
2.900%
Currently there is a rather positive sentiment for General Motors Corp with 37 Buy predictions and 9 Sell predictions.
With a target price of 49 € there is a slightly positive potential of 17.75% for General Motors Corp compared to the current price of 41.62 €.
