General Motors price target raised to $104 from $98 at Goldman Sachs

Goldman Sachs raised the firm’s price target on General Motors (GM) to $104 from $98 and keeps a Buy rating on the shares after its Q4 earnings beat. Investors had expected a degree of upside to consensus in 2026 driven by policy related tailwinds, but the stock outperformed post-results given the potential to grow beyond this year, the analyst tells investors in a research note. GM is also still assuming a degree of emissions costs in its 2026 outlook, and Goldman sees the potential for this to decline further in 2027 if emissions rules continue on the current path, the firm added.