These Analysts Boost Their Forecasts On General Motors After Better-Than-Expected Q2 Results

General Motors (NYSE: GM ) on Tuesday reported better-than-expected second-quarter financial results and raised its FY26 adjusted EPS guidance with its midpoint above estimates.

General Motors reported quarterly earnings of $3.57 per share which beat the analyst consensus estimate of $3.20 per share.

The company reported quarterly sales of $48.026 billion which beat the analyst consensus estimate of $47.011 billion.

GM raised its 2026 adjusted EPS guidance to $12-$14 from its previous range of $11.50-$13.50.

The new outlook compares with the analyst consensus estimate of $12.76.

The automaker also increased its adjusted EBIT guidance to $14 billion-$16 billion from $13.5 billion-$15.5 billion.

However, GM lowered its GAAP diluted EPS forecast to $8.98-$10.98 from $10.62-$12.62.

Analysts had expected $10.80.

General Motors shares fell 2.5% to trade at $168.72 on Wednesday.

These analysts made changes to their price targets on General Motors following earnings announcement.

Barclays analyst Dan Levy maintained the stock with an Overweight rating and raised the price target from $105 to $110.

JP Morgan analyst Rajat Gupta maintained the stock with an Overweight rating and raised the price target from $110 to $120.

RBC Capital analyst Tom Narayan maintained the stock with an Outperform rating and raised the price target from $94 to $100.

Considering buying GM stock? Here’s what analysts think: Photo via Shutterstock