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Goldman Sachs Thinks General Motors’ Stock is Going to Recover

Goldman Sachs analyst Mark Delaney maintained a Buy rating on General Motors (GMResearch Report) today and set a price target of $46.00. The company’s shares closed last Tuesday at $38.68, close to its 52-week low of $34.31.

According to TipRanks.com, Delaney is a 4-star analyst with an average return of 9.5% and a 55.3% success rate. Delaney covers the Technology sector, focusing on stocks such as Aurora Innovation, Jabil Circuit, and Cerence.

Currently, the analyst consensus on General Motors is a Strong Buy with an average price target of $60.27.

See today’s best-performing stocks on TipRanks >>

General Motors’ market cap is currently $56.4B and has a P/E ratio of 6.42.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

General Motors Company is one of the world’s largest vehicle manufacturing companies. The firm is engaged in designing, manufacturing, and selling cars, trucks, and automobile parts. The company is home to popular car brands like Chevrolet, Buick, GM, and Cadillac. It operates under four operating business segments: GM North America, GM International, Cruise and GM Financial.

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