![]() ![]() Ives expects that if GM executes on its EV promises, the share price could move even higher than his target. The analyst added that if near-term issues such as the global chip shortage and the recall fallout on the Chevy Bolt can be mitigated, the company will have a clear runway to doubling its revenue by 2030. Ives rated the stock a Buy, and assigned a bullish price target of $85. He wrote that the "growing EV appetite among investors for new innovative EV stories, the vertical integration capabilities of GM and conversion of its massive customer base to electric vehicles over the coming years represents a transformational opportunity." (See General Motors Stock Analysis on TipRanks)ĭaniel Ives of Wedbush Securities reiterated his bullish hypothesis on the stock, arguing that the company is just now garnering recognition by Wall Street for its grand plans. While it may be more convenient for smaller more flexible pure-play electric vehicle (EV) companies to focus on their condensed product offerings, General Motors ( GM) does not intend to be left behind. Number of movies seen each month in the U.S.The green tidal wave has continued its rampage across the industry, with multiple names going public to huge valuations many have found difficult to stomach.Number of movies seen each month in the U.S.Consumers who saw or heard of the movie “Lady Bird” in the U.S.Consumers who saw or heard of the movie “Mudbound” in the U.S.Consumers who saw or heard of the movie “The Florida Project” in the U.S.Preferred place of movie consumption in the U.S.Consumers who saw or heard of the movie “Get Out” in the U.S. ![]()
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