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If you're considering Goodyear Tire & Rubber, belief in its ability to drive margin improvement through cost controls and innovation is central to the investment case. The recent surge in net income for the second quarter may provide short-term optimism, but the ongoing risk from rising low-cost imports continues to weigh on market share potential, and this news does not materially change that risk.
Among the latest developments, the collaboration with PlusAI stands out as particularly relevant. This partnership leverages Goodyear’s intelligent tire technology within autonomous freight, which could bolster its innovation credentials and support progress on key catalysts like its Forward program’s cost savings and push into premium, higher-margin products.
On the other hand, it’s worth understanding how fluctuating raw material costs could still affect Goodyear’s margins and profitability if input prices shift unexpectedly, making this an ongoing consideration investors should be aware of...
Read the full narrative on Goodyear Tire & Rubber (it's free!)
Goodyear Tire & Rubber is forecast to deliver $18.5 billion in revenue and $584.7 million in earnings by 2028. This outlook assumes a -0.1% annual revenue decline and a $342.7 million increase in earnings from the current $242.0 million.
Uncover how Goodyear Tire & Rubber's forecasts yield a $14.17 fair value, a 38% upside to its current price.
Seven individual fair value estimates from the Simply Wall St Community range from as low as US$6.94 up to US$1,238.37 per share. While opinions vary dramatically, the partnership with PlusAI highlights how technology and innovation remain central to discussions about Goodyear’s future performance.
Explore 7 other fair value estimates on Goodyear Tire & Rubber - why the stock might be a potential multi-bagger!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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