Goodyear Tire Stock Target Price and Analyst Consensus
GT Stock | USD 11.88 0.17 1.45% |
The current analyst and expert consensus on Goodyear Tire is Buy with 5 hold recommendations. The current projected Goodyear Tire target price consensus is 14.20 with 9 analyst opinions. One of the most common ways Goodyear Tire Rubber analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Goodyear Tire vendors, executives, and/or customers. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Goodyear Tire. We strongly encourage you to use your own analysis of Goodyear Tire Rubber to validate this buy or sell advice. Goodyear Tire recommendation module provides expert sentiment on the projected Goodyear Tire Rubber target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Goodyear Tire to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast 12.92 | Highest Forecast 15.76 | Target Price 14.2 |
Goodyear |
It's important to approach Goodyear Tire's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Goodyear Tire price targets
Goodyear Tire's stock target price is an estimate of its future price, usually made by analysts. Using Goodyear Tire's target price to determine if it is a suitable investment can be done through the following steps:- Look at Goodyear Tire's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Goodyear Tire's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Goodyear Tire Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Goodyear Tire is a key component of Goodyear Tire valuation and have some predictive power on the future returns of a Goodyear Tire.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodyear Tire's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment.Investor Favorites Invested over 70 shares | ||
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Macroaxis Index Invested few shares | ||
Check out Macroaxis Advice on Goodyear Tire to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Goodyear Stock analysis
When running Goodyear Tire's price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
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The data published in Goodyear Tire's official financial statements usually reflect Goodyear Tire's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Goodyear Tire Rubber. For example, before you start analyzing numbers published by Goodyear accountants, it's critical to develop an understanding of what Goodyear Tire's liquidity, profitability, and earnings quality are in the context of the Automobile Components space in which it operates.
Please note, the presentation of Goodyear Tire's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Goodyear Tire's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Goodyear Tire's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Goodyear Tire Rubber. Please utilize our Beneish M Score to check the likelihood of Goodyear Tire's management manipulating its earnings.