Citi Raises Price Target for General Motors Following Strong Earnings
General Motors (GM) exceeded Q1 2026 earnings estimates, leading Citi to increase its price target to $108 from $105. The company reported strong financial results, including a 41% beat on EPS and a 22% rise in EBIT-adjusted, supported by a $500 million benefit from a Supreme Court ruling on tariffs. CEO Mary Barra acknowledged ongoing risks such as tariffs, EV restructuring, and reliance on trucks.
Tickers: $GM
Topics: Earnings Beat Guidance Update Share Buybacks Stock Price Target Tariff Impact