#3 - Toyota Motor (NYSE:TM)
In a sector that’s been hit particularly hard by rising interest rates, Toyota Motor Corporation (NYSE: TM) stands out as being one of the “least bad” options. Toyota stock is down just 4% in 2024 but is starting to recover from a 15% decline after the company reported earnings for the first quarter of its 2025 fiscal year.
The bullish argument for a swift recovery for Toyota Motors is its embrace of hybrid vehicles. They’ve become the practical alternative for environmentally conscious consumers with practical concerns about owning an electric vehicle. The company’s electric vehicle sales, including battery electric vehicles (BEVs), is approximately 37%.
As further evidence of Toyota’s commitment to hybrid vehicles, it is cutting its production estimates for BEVs in 2026 by 33%. Over the long run, BEVs may be the way to go, but when the economy begins to recover in 2025, Toyota’s commitment to hybrid vehicles is likely to pay off for investors.
About Toyota Motor
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.
Read More - Current Price
- $175.18
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
