TD Cowen Rates General Motors (GM) Buy, $132 Price Target

TD Cowen reiterated its Buy rating and kept its $132.00 price target on General Motors Company (NYSE: GM) on October 21, 2026. The research note outlines a bullish forward-looking stance on the automaker even as shares change hands below key moving averages. General Motors closed at $75.61 on the day of the update.

GM General Motors Company

$77.09 ▼ -4.18% year to date

1M 3M YTD

Daily close · Oct 20, 2026

TD Cowen's Call on General Motors

On October 21, 2026, TD Cowen maintained its Buy rating on General Motors with an unchanged price target of $132.00. The firm's target matches the high end of analyst expectations tracked for the Detroit-based automaker.

Other Institutional Activity in General Motors

Franklin Resources, Inc. reduced its holdings by 4,739,742 shares, ending with 31,303,928 shares worth about $2,366,576,909.00. Meanwhile, Shaw D.E. & Co., Inc. grew its holdings by 2,682,856 shares, ending with 15,000,837 shares worth about $1,134,063,254.00.

General Motors Company Stock Down 10.2%

General Motors shares recently traded around $75.41 on October 21, 2026, down about 0.3% from the session close of $75.61. The stock trades below its 50-day moving average of $84.25 and below its 200-day moving average of $80.69. The recent price sits 17.9% below its 52-week high of $91.85 and 20.9% above its 52-week low of $62.36. The current share price also trades below the analyst mean price target of $104.17.

Recent Earnings

General Motors reported trailing-twelve-month revenue of $185,527,992,320.00 and basic earnings per share of $2.23. The automaker posted a return on equity of 3.2% alongside a net profit margin of 1.1% and a year-over-year revenue growth rate of 1.9%.

Dividend

General Motors pays an annual dividend rate of $0.72 per share, yielding 0.86% with a dividend payout ratio of 29.6%.

Insider Buying and Selling at General Motors Company

Four insiders sold shares between July 28, 2026, and August 3, 2026, including Chief Executive Officer Mary Teresa Barra and President Mark L Reuss.

Wall Street Ratings

Several firms updated views alongside TD Cowen on October 21, 2026, including Barclays maintaining an Overweight rating with a $105.00 target, RBC Capital keeping an Outperform rating with a $98.00 target, and Morgan Stanley maintaining an Overweight rating with a $95.00 target. Across 23 analyst opinions, the stock carries a consensus buy rating.

About General Motors Company

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide. Operating through North America, International, and Financial segments, the company markets vehicles under brands like Buick, Cadillac, Chevrolet, and GMC.

Bottom Line

TD Cowen's decision to keep its $132.00 target highlights confidence from the firm despite recent downward price momentum relative to moving averages. Investors will monitor upcoming earnings reports and institutional filing updates to track whether the valuation gap narrows.