Does GM’s Stock Have An Upside At $58?

Does GM’s Stock Have An Upside At $58?

General Motors’ stock has risen by 39% from $42 to $58 since the end of 2020. In comparison, the broader S&P500 rose by 16% in the same period. Trefis analysis of GM’s valuation is $70, implying that the stock seems cheap at its current price. The auto industry is being hit by the semi-conductor…