GM stock rises over 1% ahead of Q4 earnings on EV supply chain deal and strong sales

From StockTwits: 2025-01-27 13:20:17

General Motors’ stock rose over 1% following a multibillion-dollar EV supply chain deal and strategic moves in China. The automaker is set to report Q4 earnings, with Wall Street expecting $1.82 per share in adjusted earnings on revenue of $44.66 billion. RBC Capital raised GM’s price target to $67, citing steady U.S. auto sales in January and potential EV demand recovery in 2025. GM’s 2024 U.S. sales increased 4% year-over-year, with Q4 sales up 21% and EV sales doubling its market share. Retail traders are bullish on GM, highlighting unusual options activity and hopes for strong Q4 results.



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