UBS cuts target for General Motors stock from USD 112 to USD 109

Published on 10/23/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GM posted USD 50.02 billion revenue in third quarter 2026. General Motors stock costs EUR 69.00 on October 23, 2026, 0.54 percent above Xetra close.

Targets and capital allocation

General Motors approved a USD 20.0 billion buyback on October 20, 2026.
Third-quarter revenue reached USD 50.02 billion for the period ended September 30, 2026.
General Motors stock trades at EUR 69.00 at 10:35 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.54 percent above the Xetra close of October 22, 2026.
UBS lowered its target from USD 112.00 to USD 109.00 on October 21, 2026.

Aquarellmalerei der Detroiter Skyline mit Autowerken und Flussreflexionen in Blau und Gold — General Motors Heimatstadt Detroit als Aquarell Stadtpanorama mit Industriekulisse und Flussreflexion, ISIN US37045V1008, Illustration mit AI erstellt.

General Motors (ISIN US37045V1008) stock is at EUR 69.00 at Lang & Schwarz on October 23, 2026 at 10:35 a.m. CEST, 0.54 percent above the Xetra close of October 22, 2026 at EUR 68.63. UBS cut its General Motors price target from USD 112.00 to USD 109.00 on October 21, 2026, while keeping a Buy rating, according to Investing.com.

Third-quarter results reset guidance

General Motors reported USD 50.02 billion in revenue, USD 3.3 billion in net income attributable to stockholders and USD 4.1 billion in adjusted EBIT for the third quarter ended September 30, 2026. The company also narrowed its full-year adjusted EBIT guidance to USD 14.5 billion to USD 15.5 billion from USD 14.0 billion to USD 16.0 billion, according to PR Newswire.

The comparison is important because third-quarter 2025 revenue was USD 48.59 billion and net income attributable to stockholders was USD 1.3 billion. General Motors therefore delivered a USD 1.43 billion year-over-year revenue increase, while the latest earnings figure was USD 2.0 billion higher than the prior-year quarter, based on the company release and its reported periods.

What does the buyback change?

General Motors authorized a new USD 20.0 billion multiyear share repurchase program on October 20, 2026, after completing a USD 6.0 billion program announced in January. Shares outstanding stood at 849 million on September 30, 2026, down from 904 million at the end of 2025, according to PR Newswire. The capital return supports per-share value, but UBS cited cost pressure and lowered its 2027 EBIT forecast to USD 15.0 billion from USD 16.2 billion, as reported by Investing.com.

Three dates frame the stock

On July 21, 2026, General Motors reported second-quarter revenue of USD 48.03 billion and adjusted EBIT of USD 3.9 billion. On October 20, 2026, it reported third-quarter revenue of USD 50.02 billion and approved the USD 20.0 billion buyback. On October 21, 2026, UBS cut its target to USD 109.00 from USD 112.00.

Upcoming shareholder dates

The next two substantiated shareholder dates are December 4, 2026, the record date for the quarterly dividend, and December 17, 2026, the scheduled payment date, according to PR Newswire. General Motors has scheduled its fourth-quarter 2026 earnings announcement for January 27, 2027, according to General Motors.

Valuation meets capital returns

The market is weighing stronger quarterly earnings and cash returns against tighter profit guidance and analyst concerns about costs. General Motors stock was trading at EUR 69.00 at Lang & Schwarz on October 23, 2026 at 10:35 a.m. CEST, 0.54 percent above the Xetra close of October 22, 2026 at EUR 68.63. The further course of trading is shown by the continuously updated real-time quote of General Motors stock.