JPMorgan Raises General Motors Price Target to $100, Citing Strong Performance

JPMorgan Chase & Co. raised its price target for General Motors (GM) to $100.00, up from $85.00. JPM maintained an "Overweight" rating on the stock.

The stock currently trades near $80.17. The $100.00 target suggests a potential upside of 24.7%.

The positive outlook follows GM's recent quarterly earnings report. The automaker surpassed analyst expectations.

GM reported earnings per share (EPS) of $2.80 and revenue of $48.59 billion. Consensus estimates were $2.32 EPS and $44.60 billion in revenue.