10:20 AM EDT, 04/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month target by $15 to $80, based on a 2027 P/E of 5.8x, a slight discount to GM's five-year average P/E of 6.0x. We lower our 2026 adjusted EPS estimate to $12.15 from $12.25 and keep 2027's at $13.90. GM posted Q1 U.S. vehicle sales of 626,429 units (-9.7% Y/Y), slightly short of Cox Automotive's forecast for a 9.6% decline, and further short of the estimated 6.5% drop for total U.S. new vehicle sales in Q1. GM's U.S. electric vehicle sales plummeted 19% Y/Y following the September 30 expiration of the federal EV tax credit but were up slightly from Q4. We maintain our Hold opinion, viewing the release as confirming our concerns regarding a slippage in recent market share gains for America's leading automaker by volume. We view GM's risk/reward as balanced at current levels and note the stock's 54% surge in 2025, in which it was the best-performing equity among major automakers. We think GM's lack of hybrid model availability could continue to weigh on its market share in the near term.