JPMorgan cuts target for General Motors stock from USD 120 to USD 110

Published on 10/16/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 48.03 billion, up 1.9 percent year over year. General Motors stock costs EUR 74.67 on October 16, 2026, 0.03 percent below Xetra close.

Operating signals and key dates

General Motors sold 670,974 vehicles in the third quarter, down 5.5 percent.
GM North America posted an 8.6 percent adjusted EBIT margin in the second quarter of 2026.
General Motors stock trades at EUR 74.67 at 9:47 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.03 percent below the Xetra close of October 15, 2026.
General Motors is scheduled to report third-quarter results on October 20, 2026.

Flatlay mit Aktienzertifikat US37045V1008, ISIN-Karte, Miniaturfahrzeug, Schraubenschlüssel und Zündkerze — General Motors Aktienzertifikat mit ISIN Karte US37045V1008 im Flatlay mit automobilen Werkzeugen arrangiert, Illustration mit AI erstellt.

General Motors (ISIN US37045V1008) was trading at EUR 74.67 at Lang & Schwarz on October 16, 2026, at 9:47 a.m. CEST, 0.03 percent below the Xetra close. JPMorgan cut its price target for the automaker from USD 120 to USD 110 on October 12 while keeping an Overweight rating, according to MarketBeat.

Why the target was cut

The JPMorgan move contrasts with a still broadly positive analyst picture. MarketBeat reported 27 firms covering General Motors with 19 Buy ratings, one Strong Buy, six Holds and one Sell, alongside an average 12-month target of USD 101.22 on October 13.

That target discussion comes before GM's next earnings test. Stockanalysis lists October 20, 2026, as the next earnings date, while General Motors' second-quarter figures show why analysts are separating operating performance from accounting charges.

What does the margin signal?

Revenue reached USD 48.03 billion in the second quarter of 2026, up 1.9 percent from USD 47.12 billion a year earlier, according to Yahoo Finance. Adjusted earnings per share rose to USD 3.57 from USD 2.53, while GAAP earnings per share fell to USD 1.41 from USD 1.91.

The North American operation posted an 8.6 percent adjusted EBIT margin in the second quarter, up from 6.1 percent a year earlier. GM also lifted its 2026 adjusted EBIT outlook to USD 14 billion to USD 16 billion from USD 13.5 billion to USD 15.5 billion, but a USD 2.279 billion electric-vehicle restructuring charge remained a key counterweight.

Three dated signals

On July 21, General Motors reported second-quarter adjusted earnings per share of USD 3.57 against a USD 3.19 consensus, according to MarketBeat. On October 7, UBS cut its target from USD 114 to USD 112. On October 12, JPMorgan cut its target from USD 120 to USD 110 while retaining Overweight.

Upcoming reporting date

General Motors is scheduled to report third-quarter results on October 20, 2026. The report will test whether the 8.6 percent North American adjusted EBIT margin can offset weaker vehicle volumes and continuing EV restructuring costs.

Stock holds near its yearly high

General Motors has a market capitalization of USD 73.4 billion and a 52-week range of USD 57.55 to USD 91.85 as of October 16, 2026. At Lang & Schwarz, the stock was trading at EUR 74.67 on October 16, 2026, at 9:47 a.m. CEST, 0.03 percent below the Xetra close of October 15, 2026 at EUR 74.69. The further course of trading is shown by the continuously updated real-time quote of General Motors stock.