Wedbush Predicts GM’s Stock Would Rise By Over 50%. It Is Now Up By 3%

Wedbush Predicts GM’s Stock Would Rise By Over 50%. It Is Now Up By 3%

The shares of General Motors are rallying today after Wedbush rated the company’s stock as outperform.

Wedbush, one of the top wealth management, brokerage and advisory firms ​in the United States, has boosted its rating of General Motors. According to the firm, General Motors’ stock will outperform the industry over the coming months.

Wedbush said GM’s transition into an electric car company meant that it will now be considered a tech company, and that would be favorable for its stock. The wealth management firm predicts that GM’s stock price would rally by 50% or more in the coming months.