Garrett Motion (GTX, Financial) has entered into a strategic partnership with Shaanxi Hande Axle, aimed at advancing the development and manufacturing of electric beam axle systems specifically designed for medium and heavy-duty trucks. This collaboration was formally announced today at the Shanghai Auto Show, a key event showcasing innovations in mobility within China.
The agreement not only highlights a commitment to the electrification of commercial transport but also includes a series production award. This milestone marks an important step towards integrating advanced electrification solutions into the commercial trucking industry, reflecting both companies' dedication to sustainable innovation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Garrett Motion Inc (GTX, Financial) is $12.00 with a high estimate of $12.00 and a low estimate of $12.00. The average target implies an upside of 33.19% from the current price of $9.01. More detailed estimate data can be found on the Garrett Motion Inc (GTX) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Garrett Motion Inc's (GTX, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Garrett Motion Inc (GTX, Financial) in one year is $3.42, suggesting a downside of 62.04% from the current price of $9.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Garrett Motion Inc (GTX) Summary page.
