Analyst: Goodyear Tire Stock Has Turnaround Potential

Additional Wall Street analysts hiked their price targets

Deputy Editor
Nov 16, 2023 at 10:10 AM
facebook X logo linkedin

The Goodyear Tire & Rubber Company (NASDAQ:GT) is 2.5% higher at $14.40 this morning following a bull note from Deutsche Bank. The Wall Street analyst upgraded GT to "buy" from "hold," saying the stock's turnaround potential is strong amid new leadership and operational streamlining plans.

In addition to Deutsche Bank, J.P. Morgan Securities and Citigroup both hiked their price targets, the former to $18 and the latter to $16. Coming into today, analysts were hesitant towards Goodyear Tire & Rubber stock, with six rating it a tepid "hold" versus one "strong buy" recommendation. 

News of the strategic shakeup broke yesterday, helping the equity move above the $14 level for the first time since early August. The shares are no pacing for their fourth-straight daily win, and stand 44% higher year to date.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI