- Goodyear Tire & Rubber Co (GT, Financial) experienced a 10% stock surge after an analyst upgrade.
- Deutsche Bank highlights GT's strong U.S. manufacturing and focus on high-margin replacement tires.
- Analysts forecast a 21.95% upside potential based on current price targets.
Goodyear Tire & Rubber Co (GT) experienced a notable 10% increase in share price following a noteworthy upgrade by Deutsche Bank. This upgrade underscores Goodyear's strategic strengths in navigating the ongoing tariff challenges, emphasizing its robust U.S. manufacturing capabilities and dedication to higher-margin replacement tires. These factors are crucial in fortifying the company against industry headwinds, further fueling investor optimism.
Wall Street Analysts Forecast
According to projections from seven financial analysts, the average one-year price target for Goodyear Tire & Rubber Co (GT, Financial) stands at $12.41. This figure reflects a potential high estimate of $15.00 and a low of $10.00. With an average target suggesting a promising 21.95% increase from the current trading price of $10.18, investors might find these insights valuable. For more in-depth data, investors can visit the Goodyear Tire & Rubber Co (GT) Forecast page.
When examining the consensus recommendation from 11 brokerage firms, Goodyear Tire & Rubber Co (GT, Financial) receives an average rating of 2.3, translating to an "Outperform" status. This rating utilizes a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell recommendation.
According to GuruFocus estimates, the estimated GF Value for Goodyear Tire & Rubber Co (GT, Financial) for the next year is $10.82, proposing an upside potential of 6.29% from the current price of $10.18. The GF Value is a proprietary metric by GuruFocus, designed to reflect what the stock's market value should be. It accounts for historical trading multiples, past business growth, and future performance projections. For more detailed analysis, explore the Goodyear Tire & Rubber Co (GT) Summary page.
