-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。2027年の株価収益率（PER）を6.0倍と想定し、GMの過去5年間の平均予想PERである5.9倍をわずかに上回る水準として、12ヶ月目標株価を5ドル引き上げ、85ドルとします。また、2026年の調整後EPS予想を12.15ドルから13.35ドルに、2027年の調整後EPS予想を13.90ドルから14.25ドルにそれぞれ引き上げます。GMの第1四半期決算が予想を上回り、2026年の業績見通しも好調であったことを受け、当社は引き続きGM株の投資判断を「ホールド」とします。同社が第1四半期に市場シェアを失ったという報告は、この件に関する我々の主な懸念の1つを裏付けるものであった。GMの第1四半期の新車市場シェアは、米国（-70bpsで16.5%）と中国（-70bpsで6.9%）の両方で低下した。同社の株価は2025年に目覚ましい上昇を見せ、自動車メーカーの株式の中で最高のパフォーマンス（+54%、S&P 500は+16%）を記録したが、我々は12月に同社の株価のレーティングを「ホールド」に引き下げた。ここ数年、GMの業績と市場シェアの拡大は印象的であったが、ハイブリッド車の提供が不足しているため、同社は今後より厳しい道のりを歩むことになると考えており、今後数四半期にわたって市場シェアを失い続けると見込んでいる。
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