General Motors (NYSE: GM) saw its shares briefly turn positive after CEO Mary Barra claimed that the company’s electric vehicle segment will be profitable by 2025. Barra said that there is a lot of buzz among younger customers for its electrified models.
Furthermore, GM’s internal combustion engine models continue to see strong demand, as they gain market share in trucks and SUVs among retail customers.
Nevertheless, shares have since given up some of their initial gains and have fallen back into negative territory.
Is GM a Good Stock to Buy?
GM stock has a Moderate Buy consensus rating based on eight Buys, four Holds, and two Sells assigned in the past three months. The average GM stock price target of $47.50 implies over 24% upside potential.
