GM-Aktie erreicht Rekordhoch und krönt stärkstes Jahr seit Insolvenz 2009
Der Aufstieg vom Aschehaufen zur Wall-Street-Darling – GM feiert sein Comeback.
Die Zahlen sprechen Bände
Die Aktie des Automobilriesen hat ein Allzeithoch erreicht und damit ein Jahr abgeschlossen, das an die glorreichen Zeiten vor der Pleite erinnert. Analysten reiben sich verwundert die Augen, während traditionelle Portfolios plötzlich wieder Platz für Old-Economy-Werte machen.
Ein Lehrstück in Resilienz – oder Glück?
Die Transformation des Unternehmens liest sich wie ein Lehrbuch für Turnaround-Manager. Doch zwischen den Zeilen steht die Frage: Handelt es sich um nachhaltige Stärke oder nur um den nächsten Zyklus in der launischen Automobilbranche? Ein zynischer Finanzier würde anmerken, dass Rekorde in der Börsenwelt gemacht sind, um gebrochen zu werden – oft kurz nachdem die letzten Kleinanleger eingestiegen sind.
Die Börse hat ihr Urteil gefällt, aber die Straße wartet noch auf ihr eigenes.
Analyst upgrades, policy changes, and buybacks drive GM‘s rally
Analysts pointed to cash flow, steady earnings, and shareholder returns as reasons behind the move. Stock buybacks remained a major factor. Paul Jacobson, chief financial officer of General Motors, addressed that point earlier this month. “As long as the stock remains as undervalued as it is, the priority is to buy back shares,” Paul said during a UBS investor conference. “And I think you’ll continue to see that from us going forward.”
UBS raised its 12-month price target by 14% to $97 and named the company its top auto pick heading into 2026. Morgan Stanley upgraded the stock to overweight with a $90 price target. Andrew Percoco, an analyst at Morgan Stanley, said in a Dec. 7 investor note that the company leads peers in unit sales growth, average transaction price growth, disciplined incentive spending, and inventory control. He said those factors produced stronger margins and return metrics than rivals.
Meanwhile, Donald Trump’s administration loosened U.S. fuel economy and emissions rules, removed penalties set under the prior administration, and renegotiated a trade agreement with South Korea, a major manufacturing base for the company. At the same time, the auto industry faced slower growth in lower-margin electric vehicle sales. Joseph Spak, an analyst at UBS, said in a Dec. 15 investor note that the automaker is positioned to benefit from a relaxed U.S. regulatory setup tied to emissions and fuel economy rules.
By press time, analyst averages compiled by FactSet have rated the stock overweight with an $80.86 target price, placing it among the most closely watched stock market trades heading into 2026.
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