JPMorgan Boosts General Motors (GM) Profit Estimates, Cites Global Production, Penalty Eliminations

General Motors Company (NYSE:GM) is one of the best inexpensive stocks to buy now. On January 21, JPMorgan raised its price target on General Motors to $100 from $85 with an Overweight rating. The firm raised its 2026 profit estimates for General Motors and positioned its forecasts well above the market consensus to account for strengthening global production. The firm anticipates billion-dollar tailwinds for the automaker, primarily driven by the elimination of federal penalties previously linked to non-compliance with US fuel economy and greenhouse gas standards.

On January 15, Goldman Sachs increased the firm’s price target for General Motors to $98 from $93, while maintaining a Buy rating. The firm explained that the higher target is based on recent automotive sales data. Additionally, the update accounts for positive commentary from various suppliers at recent conferences, who suggested that 2026 growth may exceed current market expectations.

Additionally, on January 13, HSBC also increased its price target for General Motors Company (NYSE:GM) to $75 from $48 while maintaining a Hold rating. This update was part of a broader adjustment of price targets across the firm’s automotive sector coverage. The firm noted that 2026 is shaping up to be a more predictable year for automobile manufacturers compared to previous periods.

General Motors Company (NYSE:GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

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