Goodyear Tire & Rubber (GT) Stock Forecast & Price Target

$8.01

-0.15 (-1.84%)

(As of 10/31/2024 ET)

Goodyear Tire & Rubber - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 5 Analyst Ratings

Sell
0

Hold
2

Buy
3

Based on 5 Wall Street analysts who have issued ratings for Goodyear Tire & Rubber in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for GT.

Consensus Price Target

$17.23
115.04% Upside

According to the 5 analysts' twelve-month price targets for Goodyear Tire & Rubber, the average price target is $17.23. The highest price target for GT is $21.00, while the lowest price target for GT is $14.00. The average price target represents a forecasted upside of 115.04% from the current price of $8.01.

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GT Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$17.23	$17.23	$17.23	$14.60
Forecasted Upside	115.04% Upside	97.08% Upside	86.22% Upside	23.73% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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GT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Goodyear Tire & Rubber Stock vs. The Competition

Type	Goodyear Tire & Rubber	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.60	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	113.44% Upside	242.41% Upside	10.08% Upside
News Sentiment Rating	Neutral News See Recent GT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Wolfe Research 3 of 5 stars	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
6/13/2024	Morgan Stanley 3 of 5 stars		Initiated Coverage	Equal Weight	$14.00	+16.86%
5/8/2024	HSBC 2 of 5 stars		Lower Target	Buy ➝ Buy	$16.80 ➝ $15.90	+28.85%
11/16/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$16.00 ➝ $18.00	+25.44%
11/16/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$13.00 ➝ $21.00	+49.57%
5/17/2023	Nomura Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$17.00	+16.36%
5/15/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$13.00	-12.40%
11/29/2022	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/2/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$16.00 ➝ $13.00	+20.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:25 PM ET.

GT Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Goodyear Tire & Rubber is $17.23, with a high forecast of $21.00 and a low forecast of $14.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Goodyear Tire & Rubber in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GT shares.
: According to analysts, Goodyear Tire & Rubber's stock has a predicted upside of 115.04% based on their 12-month stock forecasts.
: Over the previous 90 days, Goodyear Tire & Rubber's stock had 1 downgrade by analysts.
: Goodyear Tire & Rubber has been rated by research analysts at Wolfe Research in the past 90 days.
: Analysts like Goodyear Tire & Rubber more than other "auto/tires/trucks" companies. The consensus rating for Goodyear Tire & Rubber is Moderate Buy while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how GT compares to other companies.

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This page (NASDAQ:GT) was last updated on 10/31/2024 by MarketBeat.com Staff

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Goodyear Tire & Rubber (GT) Stock Forecast & Price Target