[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-gm-falls-despite-a-q3-beat-and-20-billion-buyback-as-its-profit-outlook-stays-put-EN":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":258,"relatedPosts":264,"suggestedPosts":341},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":234,"featuredImageOriginalUrl":235,"featuredImageMetadata":236,"author":238,"editor":244,"categories":249,"relatedPosts":255,"seo":256},141876,"GM Falls Despite a Q3 Beat and $20 Billion Buyback as Its Profit Outlook Stays Put","2026-10-21T19:43:00","2026-10-21T15:16:41","\u003Cp>Investors wanted more than a buyback\u003C\u002Fp>\n","\n\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">Key Takeaways\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>General Motors shares fell 5% today after the company beat third-quarter estimates and announced a new $20 billion buyback.\u003C\u002Fli>\n\n\n\n\u003Cli>GM kept the midpoints of its full-year profit outlook where they were, so analysts have no reason to raise their estimates, and a buyback can’t make up for that.\u003C\u002Fli>\n\n\n\n\u003Cli>GM’s diluted share count fell by about a third from fiscal 2021 to fiscal 2025, but its forward P\u002FE is still right at its five-year average of 5.8x.\u003C\u002Fli>\n\n\n\n\u003Cli>The next test is GM’s 2027 outlook, which management says depends on demand holding up and costs easing.\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>General Motors (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=61206100&tid=100667466\">GM\u003C\u002Fa>)\u003C\u002Fstrong> beat Wall Street’s third-quarter estimates this morning and announced a new $20 billion buyback. The stock is down 5% anyway.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The reason is the outlook. GM narrowed its full-year profit ranges but kept the same midpoints. So investors got a beat for the quarter and nothing extra for the year. (Shares had \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fgeneral-motors-stock-is-up-46-in-a-year-heres-why-the-street-sees-24-more\">gained 46% in a year\u003C\u002Fa> going into the report, so expectations were high.)\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR tracks 24 analysts on General Motors. How many say “Buy”?\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">See the full breakdown of Buy, Hold, and Sell ratings on General Motors, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. \u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">See General Motors’ Analyst Ratings\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-what-gm-reported\" class=\"wp-block-heading\">What GM reported\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">On its own, the quarter was strong:\u003C\u002Fp>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Revenue of $50.0 billion, up 2.9% and above the $48.52 billion Bloomberg consensus.\u003C\u002Fli>\n\n\n\n\u003Cli>Adjusted EPS of $3.70, against $3.57 expected.\u003C\u002Fli>\n\n\n\n\u003Cli>Net income of $3.3 billion, up 151%. Most of that jump came because special charges, including EV production changes, hurt the same quarter last year.\u003C\u002Fli>\n\n\n\n\u003Cli>U.S. deliveries down 5.5% to about 671,000 vehicles. Yahoo Finance counts EV sales down about 62%, while light-duty pickup sales rose 9.3%.\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">But the full-year outlook barely moved. GM now expects adjusted EBIT of $14.5 billion to $15.5 billion (previously $14 billion to $16 billion) and adjusted EPS of $12.75 to $13.75 (previously $12 to $14). Both midpoints, $15 billion and $13.25 billion, haven’t changed.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Rising costs help explain it. GM now expects about $2 billion of commodity inflation, the top of its earlier range, and that includes logistics and memory chip costs. It also lowered its expected regulatory benefits to about $500 million, down from as much as $750 million. CEO Mary Barra pointed to “growing inflationary pressures” in her letter to shareholders.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-street-gets-no-reason-to-raise-numbers\" class=\"wp-block-heading\">The Street gets no reason to raise numbers\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Before the report, analysts already expected GM to earn $13.42 a share in 2026, slightly above the new midpoint, and $15.11 in 2027.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1792506053\u002Fimages\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028.png?_i=AA\" alt=\"Bar chart from TIKR of General Motors' normalized EPS, actual and consensus estimates, $ per share, fiscal 2023–2028.\" class=\"wp-post-141876 wp-image-141870\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792506053\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792506053\u002Fimages\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792506053\u002Fimages\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1792506053\u002Fimages\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1792506053\u002Fimages\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1792506053\u002Fimages\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028\u002F2026-10-20_i9feb0994db_GM_eps_estimates_2023-2028.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">General Motors (GM): normalized EPS, actual and consensus estimates, $ per share, fiscal 2023–2028 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Keeping the midpoint gives analysts no reason to raise their 2026 number. The 2027 figure also comes with a condition from management: GM expects 2027 to beat 2026 as long as demand stays strong and commodity, logistics and other costs ease. Right now, costs are moving the wrong way.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-buyback-only-works-if-the-multiple-holds\" class=\"wp-block-heading\">The buyback only works if the multiple holds\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">That puts a lot of weight on the buyback. “We think this is a proven strategy,” Barra wrote. GM just finished its previous $6 billion program, and its diluted share count has already fallen by about a third since fiscal 2021.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1792506049\u002Fimages\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025.png?_i=AA\" alt=\"Bar chart from TIKR of General Motors' diluted shares outstanding, billions of shares, fiscal 2021–2025.\" class=\"wp-post-141876 wp-image-141872\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792506049\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792506049\u002Fimages\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792506049\u002Fimages\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1792506049\u002Fimages\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1792506049\u002Fimages\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1792506049\u002Fimages\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025\u002F2026-10-20_i9feb0994db_GM_shares_out_2021-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">General Motors (GM): diluted shares outstanding, billions of shares, fiscal 2021–2025 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">In the third quarter alone, GM spent $2.5 billion to retire 29 million shares.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">With fewer shares, each share earns more, even if total profit stays flat. But the market hasn’t rewarded GM for that. Its forward P\u002FE was 5.8x before today, the same as its five-year average.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1792506045\u002Fimages\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y.png?_i=AA\" alt=\"Line chart from TIKR of General Motors' forward (NTM) P\u002FE, last 5 years.\" class=\"wp-post-141876 wp-image-141874\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792506045\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792506045\u002Fimages\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792506045\u002Fimages\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1792506045\u002Fimages\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1792506045\u002Fimages\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1792506045\u002Fimages\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y\u002F2026-10-20_i9feb0994db_GM_ntm_pe_5y.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">General Motors (GM): forward (NTM) P\u002FE, last 5 years (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">After today’s drop it’s closer to 5.5x.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-what-s-next\" class=\"wp-block-heading\">What’s next\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">My take: today’s drop is a fair reaction. A buyback this big keeps per-share earnings rising. But the multiple has been stuck near 5.8x for years, so GM stock also needs profit growth. The outlook didn’t offer any beyond what analysts already expected.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The next test is the 2027 outlook, which should come with GM’s fourth-quarter results early next year. Before then, \u003Cstrong>Ford (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=106335&tid=2613214\">F\u003C\u002Fa>)\u003C\u002Fstrong> reports on Oct. 28. Its numbers will show whether the commodity and memory chip costs GM flagged are hitting the rest of Detroit too.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-gm-stock-actually-worth\" class=\"wp-block-heading\">So what is GM stock actually worth?\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what GM could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">Value GM for free\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>Disclaimer:\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!\u003C\u002Fem>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003C\u002Fp>\n",856,"en","\u002Fblog\u002Fgm-falls-despite-a-q3-beat-and-20-billion-buyback-as-its-profit-outlook-stays-put","gm-falls-despite-a-q3-beat-and-20-billion-buyback-as-its-profit-outlook-stays-put","images\u002FGeneral-Motors\u002FGeneral-Motors","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792595338\u002Fimages\u002FGeneral-Motors\u002FGeneral-Motors.png?_i=AA",{"altText":225,"imageCredit":237},"Paolo from Route66's Images and spxChrome from Getty Images via Canva",{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":243},"Roxanna Maglangit","roxtikr","author","",[],{"name":245,"slug":246,"role":247,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":248},"Michael Douglass","MichaelDouglass","editor",[],[250],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},"General Investing","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":225,"metaDesc":257,"opengraphDescription":257,"twitterTitle":225,"twitterDescription":257},"Investors wanted more than a buyback",{"title":225,"description":257,"twitterTitle":225,"twitterDescription":257,"author":239,"articlePublisher":259,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":260,"twitterData1":261,"ogTitle":225,"ogDescription":257,"ogUrl":232,"ogImage":235,"ogImageWidth":262,"ogImageHeight":263,"ogImageSecureUrl":235,"ogImageAlt":225,"twitterImage":235},"TIKR.com","Est. reading time","6 minutes",1200,630,[265,281,297,312,327],{"id":254,"title":266,"date":267,"excerpt":268,"wordCount":269,"uri":270,"slug":271,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":272,"featuredImageMetadata":273,"author":274,"categories":278,"relatedPosts":280},"Applied Digital Has Lost 46% in a Year: Roth MKM Sees 81% Upside","2026-10-21 19:32:40","Applied Digital is down 46% in a year, but Roth’s $35 target only needs the stock’s usual multiple on expected sales.",786,"\u002Fblog\u002Fapplied-digital-has-lost-46-in-a-year-roth-mkm-sees-81-upside","applied-digital-has-lost-46-in-a-year-roth-mkm-sees-81-upside","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FApplied-Digital-Featured-600x400.png",{"altText":266},{"name":275,"slug":276,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":277},"David Beren","davidberentikr",[],[279],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":282,"date":283,"excerpt":284,"wordCount":285,"uri":286,"slug":287,"cloudinaryAssetId":288,"featuredImageOriginalUrl":289,"featuredImageMetadata":290,"author":291,"categories":294,"relatedPosts":296},"Cloudflare Soars 6% as PHP Flaw Hitting 70% of Websites Lifts Security Stocks","2026-10-21 19:23:24","A great ad for Cloudflare's free tier, at a steep price",763,"\u002Fblog\u002Fcloudflare-soars-6-as-php-flaw-hitting-70-of-websites-lifts-security-stocks","cloudflare-soars-6-as-php-flaw-hitting-70-of-websites-lifts-security-stocks","images\u002FCloudflare-Featured\u002FCloudflare-Featured","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1785078720\u002Fimages\u002FCloudflare-Featured\u002FCloudflare-Featured.png?_i=AA",{"altText":282},{"name":245,"slug":292,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":293},"michaeldouglass",[],[295],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":298,"date":299,"excerpt":300,"wordCount":301,"uri":302,"slug":303,"cloudinaryAssetId":304,"featuredImageOriginalUrl":305,"featuredImageMetadata":306,"author":307,"categories":309,"relatedPosts":311},"Bloom Energy Gains 8% as Elon Musk Says AI's Real Limit Is \"Power and Cooling,\" Not Chips","2026-10-21 19:19:29","Nice timing, with earnings on Thursday",773,"\u002Fblog\u002Fbloom-energy-gains-8-as-elon-musk-says-ais-real-limit-is-power-and-cooling-not-chips","bloom-energy-gains-8-as-elon-musk-says-ais-real-limit-is-power-and-cooling-not-chips","images\u002FSPCX-stock-1-1_1239217c151\u002FSPCX-stock-1-1_1239217c151","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1786614281\u002Fimages\u002FSPCX-stock-1-1_1239217c151\u002FSPCX-stock-1-1_1239217c151.png?_i=AA",{"altText":298},{"name":245,"slug":292,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":308},[],[310],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":313,"date":314,"excerpt":315,"wordCount":316,"uri":317,"slug":318,"cloudinaryAssetId":319,"featuredImageOriginalUrl":320,"featuredImageMetadata":321,"author":322,"categories":324,"relatedPosts":326},"Circle Internet Group Has Lost 34% in a Year: Needham Sees 48% Upside","2026-10-21 19:18:33","Circle is down 34% in a year, and Needham’s $134 target looks plausible but stretched.",846,"\u002Fblog\u002Fcircle-internet-group-has-lost-34-in-a-year-needham-sees-48-upside","circle-internet-group-has-lost-34-in-a-year-needham-sees-48-upside","images\u002FCircle-Internet-Group-Featured_1427263a42b\u002FCircle-Internet-Group-Featured_1427263a42b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792610184\u002Fimages\u002FCircle-Internet-Group-Featured_1427263a42b\u002FCircle-Internet-Group-Featured_1427263a42b.png?_i=AA",{"altText":313},{"name":275,"slug":276,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":323},[],[325],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":328,"date":329,"excerpt":330,"wordCount":331,"uri":332,"slug":333,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":334,"featuredImageMetadata":335,"author":336,"categories":338,"relatedPosts":340},"Strategy Soars 7%, Galaxy Up 8% as Crypto Stocks Rally on \"Clear, Practical Framework\" for Stablecoin Rules","2026-10-21 19:17:25","Strategy doesn't issue a stablecoin. The stock jumped anyway.",762,"\u002Fblog\u002Fstrategy-soars-7-galaxy-up-8-as-crypto-stocks-rally-on-clear-practical-framework-for-stablecoin-rules","strategy-soars-7-galaxy-up-8-as-crypto-stocks-rally-on-clear-practical-framework-for-stablecoin-rules","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FTIKR-8-600x400.png",{"altText":328},{"name":245,"slug":292,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":337},[],[339],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],[342,362,377,392,409,429,444],{"id":254,"title":343,"date":344,"excerpt":345,"wordCount":346,"uri":347,"slug":348,"cloudinaryAssetId":349,"featuredImageOriginalUrl":350,"featuredImageMetadata":351,"author":352,"categories":356,"relatedPosts":361},"SpaceX Stock Surges 7% Following Strong Revenue Groand And Merger Talk","2026-10-21 12:42:00","SpaceX stock jumped about 7% after Q3 revenue rose 161% to $14.6B and Musk floated a Tesla merger. See what’s driving the move.",555,"\u002Fblog\u002Fspacex-stock-surges-revenue-growth-tesla-merger-talk","spacex-stock-surges-revenue-growth-tesla-merger-talk","images\u002FSPCX-stock-@Kmeel_com-from-pixabay-via-Canva-@3DSculptor-from-Getty-Images-via-Canva-10\u002FSPCX-stock-@Kmeel_com-from-pixabay-via-Canva-@3DSculptor-from-Getty-Images-via-Canva-10","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792582238\u002Fimages\u002FSPCX-stock-@Kmeel_com-from-pixabay-via-Canva-@3DSculptor-from-Getty-Images-via-Canva-10\u002FSPCX-stock-@Kmeel_com-from-pixabay-via-Canva-@3DSculptor-from-Getty-Images-via-Canva-10.png?_i=AA",{"altText":343},{"name":353,"slug":354,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":355},"Aditya Raghunath","adityatikr",[],[357],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":254},"Earnings Updates","earnings-updates","\u002Fblog\u002Fcategory\u002Fearnings-updates",[],{"id":254,"title":363,"date":364,"excerpt":365,"wordCount":366,"uri":367,"slug":368,"cloudinaryAssetId":369,"featuredImageOriginalUrl":370,"featuredImageMetadata":371,"author":372,"categories":374,"relatedPosts":376},"GE Aerospace Stock Drops Despite Strong Q3 Earnings Beat","2026-10-21 12:41:00","GE Aerospace stock fell about 4% despite a Q3 earnings beat. Here is why a softer Q4 outlook is weighing on shares. (113 characters)",612,"\u002Fblog\u002Fge-aerospace-stock-drops-despite-q3-earnings-beat","ge-aerospace-stock-drops-despite-q3-earnings-beat","images\u002FGE-stock-@Stockbyte-from-Photo-Images-via-Canva-@ahlobystov-from-Getty-Images-Signature-via-Canva\u002FGE-stock-@Stockbyte-from-Photo-Images-via-Canva-@ahlobystov-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792559173\u002Fimages\u002FGE-stock-@Stockbyte-from-Photo-Images-via-Canva-@ahlobystov-from-Getty-Images-Signature-via-Canva\u002FGE-stock-@Stockbyte-from-Photo-Images-via-Canva-@ahlobystov-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":363},{"name":353,"slug":354,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":373},[],[375],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":254},[],{"id":254,"title":378,"date":379,"excerpt":380,"wordCount":381,"uri":382,"slug":383,"cloudinaryAssetId":384,"featuredImageOriginalUrl":385,"featuredImageMetadata":386,"author":387,"categories":389,"relatedPosts":391},"General Motors Stock Falls Despite Strong Earnings And New Buyback Program","2026-10-21 11:48:28","General Motors stock fell nearly 7% despite a Q3 beat and a new $20B buyback. See why rising costs and weaker guidance are worrying investors.",573,"\u002Fblog\u002Fgeneral-motors-stock-falls-despite-earnings-beat-buyback","general-motors-stock-falls-despite-earnings-beat-buyback","images\u002FGM-stock-@Benjamin44-from-Getty-Images-Pro-via-Canva-@contrastaddict-from-Getty-Images-Signature-via-Canva-4\u002FGM-stock-@Benjamin44-from-Getty-Images-Pro-via-Canva-@contrastaddict-from-Getty-Images-Signature-via-Canva-4","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792570026\u002Fimages\u002FGM-stock-@Benjamin44-from-Getty-Images-Pro-via-Canva-@contrastaddict-from-Getty-Images-Signature-via-Canva-4\u002FGM-stock-@Benjamin44-from-Getty-Images-Pro-via-Canva-@contrastaddict-from-Getty-Images-Signature-via-Canva-4.png?_i=AA",{"altText":378},{"name":353,"slug":354,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":388},[],[390],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":254},[],{"id":254,"title":393,"date":394,"excerpt":395,"wordCount":396,"uri":397,"slug":398,"cloudinaryAssetId":399,"featuredImageOriginalUrl":400,"featuredImageMetadata":401,"author":402,"categories":406,"relatedPosts":408},"SpaceX Q3 Earnings: AI Now Brings in Half the Revenue, Starlink Still Earns Most of the Profit","2026-10-21 07:00:00","SpaceX posted a $4.4 billion first profit, but about $1.6 billion came from below the operating line. Here’s what the beat, guide and capex really say.",906,"\u002Fblog\u002Fspacex-q3-earnings-ai-now-brings-in-half-the-revenue-starlink-still-earns-most-of-the-profit","spacex-q3-earnings-ai-now-brings-in-half-the-revenue-starlink-still-earns-most-of-the-profit","images\u002FFEATURED-IMAGE-MAKER-1857\u002FFEATURED-IMAGE-MAKER-1857","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792554304\u002Fimages\u002FFEATURED-IMAGE-MAKER-1857\u002FFEATURED-IMAGE-MAKER-1857.png?_i=AA",{"altText":393},{"name":403,"slug":404,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":405},"Gian Estrada","giantikr",[],[407],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":254},[],{"id":254,"title":410,"date":411,"excerpt":412,"wordCount":413,"uri":414,"slug":415,"cloudinaryAssetId":416,"featuredImageOriginalUrl":417,"featuredImageMetadata":418,"author":419,"categories":423,"relatedPosts":428},"Cameco Stock Is Nearly 40% Below Its Peak. Here’s What One AP1000 Reactor Pair Could Be Worth to Westinghouse","2026-10-20 09:15:00","Cameco slipped again on October 19 after Barclays trimmed its target, extending a sell-off that began with a hot inflation report. Its July call gave the ranges to price one AP1000 pair for Westinghouse, and none of it is booked yet.",898,"\u002Fblog\u002Fcameco-stock-is-nearly-40-below-its-peak-heres-what-one-ap1000-reactor-pair-could-be-worth-to-westinghouse","cameco-stock-is-nearly-40-below-its-peak-heres-what-one-ap1000-reactor-pair-could-be-worth-to-westinghouse","images\u002F11-7_141625a940f\u002F11-7_141625a940f","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792469528\u002Fimages\u002F11-7_141625a940f\u002F11-7_141625a940f.png?_i=AA",{"altText":410},{"name":420,"slug":421,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":422},"Wiltone Asuncion","wiltonetikr",[],[424],{"name":425,"slug":426,"uri":427,"description":242,"postsCount":254},"Stock Reviews","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":254,"title":430,"date":431,"excerpt":432,"wordCount":433,"uri":434,"slug":435,"cloudinaryAssetId":436,"featuredImageOriginalUrl":437,"featuredImageMetadata":438,"author":439,"categories":441,"relatedPosts":443},"Roblox Stock Is Down 37% in 2026. Here’s What Its New Viral Hit Has to Prove on October 29","2026-10-20 09:10:00","Roblox’s CFO said today’s popular games don’t monetize like 2025’s hits. Q3 produced a new one in Steal an Egg, and Google entered the market three weeks before the print. October 29 shows which matters more.",889,"\u002Fblog\u002Froblox-stock-is-down-37-in-2026-heres-what-its-new-viral-hit-has-to-prove-on-october-29","roblox-stock-is-down-37-in-2026-heres-what-its-new-viral-hit-has-to-prove-on-october-29","images\u002F10-10_14162456032\u002F10-10_14162456032","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792469523\u002Fimages\u002F10-10_14162456032\u002F10-10_14162456032.png?_i=AA",{"altText":430},{"name":420,"slug":421,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":440},[],[442],{"name":425,"slug":426,"uri":427,"description":242,"postsCount":254},[],{"id":254,"title":445,"date":446,"excerpt":447,"wordCount":448,"uri":449,"slug":450,"cloudinaryAssetId":451,"featuredImageOriginalUrl":452,"featuredImageMetadata":453,"author":454,"categories":456,"relatedPosts":458},"Snap Stock Is Up 16% in October. Here’s What an Activist’s $5 Billion Specs Price Tag Means for Shares","2026-10-20 09:05:00","An activist values Snap’s unshipped AR glasses at $5 billion, close to half the company’s market cap. Snap’s August call already laid out how management plans to fund them, and November 4 tests whether the core can carry that plan.",1009,"\u002Fblog\u002Fsnap-stock-is-up-16-in-october-heres-what-an-activists-5-billion-specs-price-tag-means-for-shares","snap-stock-is-up-16-in-october-heres-what-an-activists-5-billion-specs-price-tag-means-for-shares","images\u002F9-11_141591281a6\u002F9-11_141591281a6","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792467549\u002Fimages\u002F9-11_141591281a6\u002F9-11_141591281a6.png?_i=AA",{"altText":445},{"name":420,"slug":421,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":455},[],[457],{"name":425,"slug":426,"uri":427,"description":242,"postsCount":254},[]]