Wedbush raised its price target on General Motors (NYSE: GM) to $95, increasing it from $75. The firm maintained its "Outperform" rating on the stock.
Analysts cited GM’s strategic focus on leveraging its profitable internal combustion engine (ICE) business. This approach is designed to drive significant cash flow growth for the automaker.
Wedbush noted that GM executes its strategy more effectively than peers who have struggled with the electric vehicle (EV) transition. The firm praised CEO Mary Barra’s balanced approach to managing both the ICE and EV segments.
The firm expressed confidence that GM can navigate macroeconomic headwinds and supply chain issues heading into 2026. This positive assessment follows several other recent analyst upgrades for the automaker.