5 Reasons to Buy This Unloved Stock Hand Over Fist
One of Detroit's legacy automakers, General Motors (NYSE: GM), is busy delivering strong results to its loyal investors. It's posted strong earnings, a blueprint for the future of the automotive industry, and even raised guidance for 2023. Even with solid financial results, the stock trades at a modest price-to-earnings ratio of 5.3 times.
Ignore that General Motors is unloved by Wall Street, because here are five reasons why main street investors can buy GM hand over fist.
While crosstown rival Ford Motor Company (NYSE: F) decided to throw in the towel on developing its own autonomous vehicles through Argo AI, General Motors has accelerated its own driverless vehicle development through Cruise.
Source Fool.com
General Motors Corp Stock
€41.73
-2.560%
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 10.23% for General Motors Corp compared to the current price of 41.73 €.
