Goodyear Tire & Rubber Co has a consensus price target of $16.27 based on the ratings of 11 analysts. The high is $21 issued by Deutsche Bank on November 16, 2023. The low is $12 issued by Citigroup on May 3, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, HSBC, and HSBC on June 13, 2024, May 8, 2024, and December 4, 2023, respectively. With an average price target of $15.57 between Morgan Stanley, HSBC, and HSBC, there's an implied 87.55% upside for Goodyear Tire & Rubber Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Goodyear Tire & Rubber (NASDAQ:GT) was reported by Morgan Stanley on June 13, 2024. The analyst firm set a price target for $14.00 expecting GT to rise to within 12 months (a possible 68.67% upside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for Goodyear Tire & Rubber (NASDAQ:GT) was provided by Morgan Stanley, and Goodyear Tire & Rubber initiated their equal-weight rating.
The last upgrade for Goodyear Tire & Rubber Co happened on November 16, 2023 when Deutsche Bank raised their price target to $21. Deutsche Bank previously had a hold for Goodyear Tire & Rubber Co.
The last downgrade for Goodyear Tire & Rubber Co happened on May 17, 2023 when Nomura Instinet changed their price target from N/A to $17 for Goodyear Tire & Rubber Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Goodyear Tire & Rubber, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Goodyear Tire & Rubber was filed on June 13, 2024 so you should expect the next rating to be made available sometime around June 13, 2025.
While ratings are subjective and will change, the latest Goodyear Tire & Rubber (GT) rating was a initiated with a price target of $0.00 to $14.00. The current price Goodyear Tire & Rubber (GT) is trading at is $8.30, which is within the analyst’s predicted range.
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