1 Stealth Growth Stock to Buy and Hold Until 2030
The past decade has been nothing short of frustrating for General Motors (NYSE: GM) shareholders. Aside from the early months of the COVID-19 pandemic, the auto giant has consistently churned out solid profits. And GM stock has periodically rallied on optimism about its efforts to become a leading player in electric vehicles (EVs) and autonomous vehicles.
Alas, these rallies have never lasted. GM stock trades almost exactly where it did 10 years ago -- and nearly 50% below the all-time high of approximately $65 achieved in early 2022. However, General Motors is making smart investments for the future. That's paving the way for big gains for patient shareholders who are willing to hold the stock until 2030.
Over the past decade or so, General Motors has radically streamlined its business by exiting a slew of markets where it struggled to earn consistent profits. Today, the company does the bulk of its business in North America and China, with North America being its main profit driver.
Source Fool.com
General Motors Corp Stock
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 45 € there is a slightly positive potential of 13.41% for General Motors Corp compared to the current price of 39.68 €.
