GM Stock Soars 19% on Surprising Earnings Beat – What’s Driving the Rally?
GM stock surged about 19% in the week ending Oct 24, 2025, closing at roughly $69.66 gmauthority.com, its highest level ever. This jump came after General Motors’ strong third-quarter earnings (EPS of $2.80 vs. $2.31 expected) and upbeat guidance reuters.com news.gm.com. Management raised full-year profit forecasts (now $12.0–13.0 billion EBIT vs. $10.0–12.5B prior) and lowered projected tariff costs to $3.5–4.5 billion reuters.com reuters.com. Analysts have responded positively: TD Cowen raised its 12-month price target to $100 (with a “Buy” rating) marketbeat.com, and others like Wedbush and Citigroup lifted targets to ~$75 marketbeat.com. GM also announced a Q4 dividend and continues large share