Reported about 1 month ago
Veteran analyst Brad Ginesin from TheStreet highlights that General Motors (GM) stock has been undervalued for years due to various challenges, including peak earnings and competition. Despite these hurdles, he believes that GM's strategic approach to stock buybacks and its successful rollout of electric vehicles positions it well for future growth. Ginesin views the recent partnership between GM's Cruise autonomous vehicle unit and Uber as a significant development, suggesting a promising outlook for GM's stock as it capitalizes on advancements in electric and autonomous technology.
Source: YAHOO