General Motors is trading at attractive levels after pullback, Deutsche Bank says
General Motors is looking more attractive following a recent pullback, according to Deutsche Bank. The bank’s research arm upgraded the automaker to buy from hold. It also hiked its price target to $90 from $83, implying 17.1% upside from Monday’s close. Shares have edged down more than 2% since the Iran war began, fueled by concerns about rising shipping costs and potential supply shocks. But analysts Edison Yu views this “an attractive entry point to gain exposure to a potential multi-year re-rate story.” “Undoubtedly, the near-term volatility can be attributed to geopolitical developments, but our thesis is built on GM’s operational resilience which it has demonstrated multiple times in recent years,” Yu said. However, those worries are likely overblown, he said. GM mountain 2026-02-27 General Motors stock has dipped about 2% since the beginning of the Iran war. “While the 2026 outlook is naturally less stable than a few months ago, we continue to believe many of GM’s profit drivers are within the company’s control,” Yu wrote. The analyst added that changeups to General Motors’ vehicle lines, including the roll out of some next-generation trucks in 2027, could drive further gains. In addition, the automobile firm’s accounting adjustments should reveal lower electric vehicle losses. General Motors’ software and services are also on track to gain ground, according to Deutsche Bank. “And while this isn’t a meaningful part of the [profit and loss statement] currently, we think its growth trajectory can only help the multiple,” Yu wrote, referring to the business vertical. Deutsche Bank’s call is in line with consensus on Wall Street. Of the 30 analysts covering General Motors, 21 have a buy or strong buy on the stock, according to LSEG data. Shares are down nearly 6% since the beginning of the year, underperforming the overall market.