Multiple institutions have raised the target price for General Motors. Prior to this, the company raised its performance outlook.

JPMorgan Chase has raised General Motors' target stock price from $110 to $120; Daiwa Capital Markets has raised General Motors' target stock price from $83 to $86; TD Cowen has raised General Motors' target stock price from $126 to $132. General Motors has raised its full-year profit outlook and stated that customer demand remains strong, especially for models such as pickups and SUVs. General Motors currently expects full-year pre-tax profit to be between $14 billion and $16 billion, higher than the previous outlook of $13.5 billion to $15.5 billion. Adjusted earnings per share are now expected to be between $12 and $14, compared to the previous forecast of $11.50 to $13.50 per share.