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
€76.23
1.250%
Our community is currently high on General Motors Corp with 54 Buy predictions and 7 Sell predictions.
As a result the target price of 81 € shows a slightly positive potential of 6.26% compared to the current price of 76.23 € for General Motors Corp.
