Goodyear Tire & Rubber Co. (Symbol: GT) shares are currently trading at $14.23, surpassing the average analyst 12-month target price of $12.75. This marks a significant moment for investors as analysts may either downgrade their expectations based on valuation or raise their target prices, influenced by recent business developments.
Among four analysts covering Goodyear, target prices range from $10.00 to $16.00, with a standard deviation of $2.5. As of now, analyst ratings show 3 Strong Buy, 3 Hold, and 1 Strong Sell, resulting in an average rating of 2.43 on a scale where 1 is Strong Buy and 5 is Strong Sell. Investors are encouraged to reassess the company’s valuation in light of its stock performance.
