5 Reasons to Buy This Unloved Stock Hand Over Fist
One of Detroit's legacy automakers, General Motors (NYSE: GM), is busy delivering strong results to its loyal investors. It's posted strong earnings, a blueprint for the future of the automotive industry, and even raised guidance for 2023. Even with solid financial results, the stock trades at a modest price-to-earnings ratio of 5.3 times.
Ignore that General Motors is unloved by Wall Street, because here are five reasons why main street investors can buy GM hand over fist.
While crosstown rival Ford Motor Company (NYSE: F) decided to throw in the towel on developing its own autonomous vehicles through Argo AI, General Motors has accelerated its own driverless vehicle development through Cruise.
Source Fool.com
General Motors Corp Stock
€40.90
0.520%
Our community is currently high on General Motors Corp with 37 Buy predictions and 8 Sell predictions.
As a result the target price of 48 € shows a slightly positive potential of 17.37% compared to the current price of 40.9 € for General Motors Corp.
