Goldman says it is buy-rated on the stock as it's 'one of the few automakers globally capable of constructing a vertically integrated model for electric vehicles.'
Toyota has big plans when it comes to electric vehicles — and investors are underappreciating its potential in the market, according to Goldman Sachs. The Japanese automaker plans to significantly ramp up EV sales , targeting 1.5 million cars by 2026 and 3.5 million by 2030 — a major increase from sales of just over 20,000 units sold in 2022. In comparison, market leader Tesla sold 1.3 million vehicles in the same year. "Toyota aims to sell 1.
Stock price upside While the analysts acknowledged Toyota's long history and success in hybrid vehicles, they added that the carmaker has lagged behind rivals in pure battery EVs. They said strong EV products are "the missing piece" for Toyota, and could be the catalyst for a re-rating of its share price. Goldman Sachs expects shares of Toyota Motor to rise by 15% to 2,800 Yen in the next 12 months.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Goldman Sachs CEO accused of 'blatant ignorance and disrespect' in fossil fuel debate.Students at David Solomon's alma mater slam the Goldman Sachs CEO of 'blatant ignorance and disrespect' during a debate
Weiterlesen »
Goldman Sachs CEO enrages students after allegedly calling fossil fuel divestment movement 'stupid'Three students from Goldman Sachs CEO David Solomon's alma mater, Hamilton College, accused the executive of referring to the fossil fuel divestment movement as 'stupid.'
Weiterlesen »
Embattled Goldman Sachs CEO David Solomon reportedly confronted by Lloyd Blankfein after losing $50M on bank’s stock slideHe told Solomon that he was running out of patience and offered to return to the firm in an advisory role, according to the New York Times.
Weiterlesen »
A former Goldman Sachs executive shares what it was like coming out trans and wearing lipstick in the officeI was at Goldman Sachs when I came out as a trans woman. I wondered if my colleagues thought I was a freak the first time they saw me with makeup on.
Weiterlesen »
A former Goldman Sachs executive shares what it was like coming out trans and wearing lipstick in the officeMaeve Duvally is a former Goldman Sachs executive who came out as transgender in 2019. She writes, 'instead of vodka I needed lipstick.'
Weiterlesen »
Review | ‘Passages’: Portrait of the artist as a very confused young manReview: Like so many films of its ilk, “Passages” exerts its seductive pull by way of good-looking actors, quietly elegant surfaces and situations drenched in cosmopolitan good taste.
Weiterlesen »