General Motors' stock price rose by over 4.5% after reporting earnings, prompting multiple major Wall Street banks to raise their target price.

General Motors rose more than 4.5%, reaching $51.12. The stock plummeted by over 8% yesterday after announcing its performance. On the news front, General Motors' second-quarter net profit fell 35.4% year-on-year to $1.9 billion, with adjusted earnings per share of $2.53, higher than the expected $2.44; revenue declined by 1.8% year-on-year to $47.12 billion, also exceeding expectations. The company recorded $1.1 billion in tariff impacts during the period. Following the performance announcement, General Motors received target price upgrades from several Wall Street banks. Citigroup raised General Motors' target price from $59 to $61, maintaining a "buy" rating; Jefferies raised General Motors' target price from $48 to $50, maintaining a "hold" rating; and Bank of America raised General Motors' target price from $34 to $38.