5 Best Automotive Stocks to Buy According to Analysts

4. General Motors (NYSE:GM)

Potential Upside: 24.28%

Number of Hedge Fund Holders: 81

General Motors (NYSE:GM) is one of the best automotive stocks to buy, according to analysts. In the past year, the stock grew 65.22%, while it posted a 3.62% year-to-date decline. Out of 28 analysts polled by CNN, 71 percent placed a Buy rating on General Motors. The stock registered a median price target of $97, a 24.28 percent upside from its current price of $78.05.

On April 14, Deutsche Bank analyst Edison Yu upgraded General Motors to Buy from Hold, raising the price target to $90 from $83, following the recent pullback in shares, according to a report by TheFly. Despite near-term volatility caused by geopolitical developments, the analyst expressed optimism about the resilience that General Motors has demonstrated multiple times in recent years.

On April 21, General Motors claimed that it had become the first U.S. automaker to secure enough renewable energy to meet 100% of its electricity use across all its U.S. facilities. The company said it has reduced operational emissions by 52% since 2018, meaning its energy transition is also advancing its vision of a zero-emissions future.

It added that its domestic renewable energy investments have generated about $1.9 billion in GDP impact since 2015. On top of this, projects contracted through 2026 will add an additional $333 million. The automaker emphasized that projects it has invested in also support an average of 1,500 construction jobs per year across states like Michigan, Texas, Ohio, Arkansas, and Illinois — and fund rural schools and emergency services through local taxes.

General Motors (NYSE:GM) engages in the design, manufacture, and sale of trucks, crossovers, cars, and automotive parts, and in providing software-enabled services and subscriptions.