Goldman Sachs is Bullish on General Motors Company (GM)

General Motors Company (NYSE:GM) is among the 7 Best EV Battery Stocks to Buy Now.

Goldman Sachs boosted its price objective for General Motors Company (NYSE:GM) to $98 from $93 on January 15, 2026. It kept a Buy rating, as reported by TheFly on January 15, 2026. As per the analyst Mark Delaney, the update takes into account recent data on auto sales as well as growth projections for 2026 that were discussed at conferences by several suppliers.

Separately, General Motors Company (NYSE:GM) CEO Mary Barra stated that the Trump administration’s regulatory changes, such as the removal of the $7,500 EV tax credit and the relaxation of tailpipe emissions regulations, forced the company to modify its product plans, as reported by Reuters on January 12, 2026. The corporation reduced its investment in electric vehicles by billions of dollars while expanding its reliance on combustion engines. Barra confirmed that the firm still sees EVs as “the end game” and anticipates a boost in adoption as costs come down and charging infrastructure gets better. The company is testing conventional hybrids and is still working on plug-in hybrids. Barra stressed the need to remain adaptable in light of potential future shifts in regulations. The firm will continue to prioritize EVs, citing their advantages for customers, even as several competitors, including Ford, minimize EV programs. Following a $1.6 billion charge for the third quarter, the corporation announced this month that it would incur a $6 billion charge to unwind its investments in electric vehicles.

General Motors Company (NYSE:GM) designs, manufactures, and sells trucks, crossovers, cars, and automotive parts, as well as software-enabled services and subscriptions.

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Disclosure: None. This article is originally published at Insider Monkey.