General Motors Co. (NYSE:GM) on Tuesday posted upbeat third-quarter earnings and narrowed 2026 adjusted profit outlook.

General Motors reported third-quarter revenue of $50.015 billion, up 2.9% year over year and above analysts’ estimate of $48.697 billion. Adjusted earnings rose 32.2% to $3.70 per share, beating the $3.63 consensus estimate.

General Motors narrowed its full-year adjusted EBIT forecast to $14.5 billion to $15.5 billion from its previous range of $14 billion to $16 billion.

It also narrowed its GAAP earnings forecast to $9.72 to $10.72 per share from $8.98 to $10.98, compared with the analyst estimate of $10.27. The company narrowed its full-year 2026 adjusted earnings guidance to $12.75 to $13.75 per share from $12 to $14 per share, compared with analysts’ estimate of $13.41 per share.

General Motors shares fell 1.1% to trade at $76.28 on Wednesday.

These analysts made changes to their price targets on General Motors following earnings announcement.

• Morgan Stanley analyst Andrew Percoco maintained the stock with an Overweight rating and lowered the price target from $101 to $95.
• RBC Capital analyst Tom Narayan maintained the stock with an Outperform rating and cut the price target from $102 to $98.
• Barclays analyst Dan Levy maintained the stock with an Overweight rating and lowered the price target from $110 to $105.

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