GM 2024: Stock Analysis & Prospects

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General Motors (GM) stands as one of the world’s major automotive manufacturers, commanding a market share of approximately 17% in the United States. In this section, we will delve into the historical stock performance of General Motors and provide an overview of the company’s present status.

Historical Performance of General Motors Stock

General Motors has been a publicly traded entity since 2010, emerging from bankruptcy. Over this period, the company’s stock has experienced fluctuations. It reached its peak in 2017 at $46.76 per share. However, recent years have seen volatility, notably with the stock price dropping significantly due to the COVID-19 pandemic in early 2020. As of January 12, 2024, General Motors’ stock was valued at $35.26 per share.

Current State of General Motors Stock

General Motors has shown positive stock performance in recent months, marked by robust financial performance in Q3 2023. The company reported quarterly revenue of $38.3 billion, marking an increase from $36.8 billion in the corresponding period of the previous year. General Motors’ net income for the quarter reached $2.8 billion, up from $2.5 billion in the same quarter of the previous year. Several factors contribute to this strong financial performance, including heightened demand for electric vehicles and the company’s continuous cost-saving initiatives.

Stock Forecast 2024

Future Outlook for General Motors Stock

General Motors (GM) is well-positioned for future growth, driven by key factors. Firstly, GM’s strong focus on electric vehicles (EVs) with plans to launch 30 new EV models globally by 2025 and a $35 billion investment in EV technology aligns with the rising demand for EVs worldwide.

Secondly, ongoing cost-cutting measures, including streamlining operations and workforce reduction, are enhancing profitability and bolstering GM’s resilience to economic fluctuations.

Thirdly, GM’s robust financial performance, highlighted by a Q3 2023 revenue of $38.3 billion and net income of $2.8 billion, is expected to continue benefiting the company as the global economy rebounds from the pandemic.


What is General Motors’ current stock price?

As of January 12, 2024, General Motors’ stock price was $35.26 per share.

What is the future outlook for General Motors’ stock?

General Motors’ stock is expected to perform well in the coming years, with several factors contributing to its growth, including its focus on electric vehicles, cost-cutting efforts, and strong financial performance.

What is the historical performance of General Motors’ stock?

General Motors’ stock has been volatile in recent years, with the COVID-19 pandemic causing a significant drop in the stock price in early 2020. As of January 12, 2024, General Motors’ stock price was $35.26 per share.

What is the latest trend for General Motors’ stock?

According to analysts’ consensus price target of $49.79, General Motors has a forecasted upside of 41.2% from its current price. The average 12-month stock price forecast for General Motors is $49.55, which predicts an increase of 40.53%.


In summary, General Motors (GM) appears poised for growth, with multiple factors propelling its stock forecast. The emphasis on electric vehicles, ongoing cost-saving initiatives, and robust financial performance are all anticipated to fuel GM’s future expansion. Analysts project a 41.2% potential upside from the current price, with a consensus price target of $49.79, indicating a favorable outlook for the company’s stock performance in the upcoming years.

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