11:36 AM EDT, 10/21/2025 (MT Newswires) -- General Motors ( GM ) is "doing well at strategically operating" amid tariff woes and electric vehicle restructuring activities that continue to pressure the company's bottom line by focusing on ramping its internal combustion engine vehicle fleet to drive profitability and mitigate headwinds across the business, Wedbush said in a Tuesday research note.

Earlier in the day, General Motors ( GM ) posted Q3 results that topped analysts' expectations despite a year-over-year decrease, and said it now expects 2025 adjusted earnings per share between $9.75 and $10.50, up from its previous outlook range of $8.25 to $10. Analysts polled by FactSet expect $9.46.

The automaker also saw "incremental momentum" from its software and services business, which has recognized about $2 billion in revenue and has a deferred revenue pipeline of about $5 billion on increasing Super Cruise subscribers, providing for a stable, high-margin recurring revenue source, Wedbush said.

Wedbush maintained its outperform rating and raised its price target to $75 from $65 on the stock.

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