General Motors Stock Soars to Record High on Analyst Upgrades and Strategic Moves
General Motors shares surged nearly 5% to a historic close of $80.80, fueled by bullish analyst upgrades and aggressive capital allocation. Morgan Stanley and Goldman Sachs both issued Buy ratings, with price targets lifted to $90 and $93 respectively—a stark reversal from summer's $41.60 low.
The automaker's 60% six-month rally reflects fundamental shifts: completion of a $10 billion buyback program, planned $4 billion domestic investment, and tailwinds from potential EV policy changes. Revenue now stands at $187.44 billion with four consecutive years of dividend growth.