General Motors Co (Symbol: GM) shares recently traded at $52.68, surpassing the average 12-month analyst target price of $52.10. The shift raises questions about potential analyst responses, including possible downgrades or upward revisions of the target price.
Among the 24 analysts contributing to the average target, estimates vary widely, with one analyst projecting a low of $34.00 and another a high of $83.00. The standard deviation of these targets is $10.041, indicating significant divergence in analyst opinions.
In the current analyst ratings breakdown, GM has 10 strong buy ratings, 1 buy, 12 hold, and 3 strong sell ratings. The overall average rating stands at 2.42 on a scale where 1 is Strong Buy and 5 is Strong Sell.
