12 Best Cheap Stocks to Buy Right Now

2. General Motors Company (NYSE:GM)

Upside: 19.05%

Forward P/E: 6.93x

Number of Hedge Fund Holders: 71

General Motors Company (NYSE:GM) is one of the Best Cheap Stocks to Buy Right Now.

As part of GM’s Q4-2025 earnings press release on January 27, the company announced a $0.03 per share increase in its quarterly dividend rate. This represents a 20% increase, bringing quarterly dividends to $0.18 per share and annual dividends to $0.72. These dividend rates imply an annual dividend yield of 0.86%.

In addition to the higher dividend rate, the company also approved a $6 billion share repurchase program. For reference, the company has a market capitalization of ~$76 billion. As such, a $6 billion buyback plan could improve EPS by ~8.6%.

Considering the earnings beat and the new capital return initiatives, 10 firms increased their target price on General Motors, including Goldman Sachs (from $98 up to $104, “Buy”), TD Cowen (from $110 up to $122, “Buy”), and Barclays (from $100 up to $110, “Overweight”).

On target prices and analyst ratings, CNN’s data show that 16 out of 26 analysts (~32%) covering General Motors have a “Buy” rating on the company, 9 out of 26 (~35%) have a “Hold” recommendation, with only one (~4%) having a “Sell” recommendation. The median target price is $100 (with a high of $122), implying an upside of 19.05% (45.24% if using the highest estimate).

General Motors Company (NYSE:GM) is a leading automobile designer, manufacturer, and seller based in Detroit, Michigan.