Goodyear Tire & Rubber Co Shares Surge 6.47% to $11.60

Goodyear Tire & Rubber Co. shares surged 6.47% to $11.60 on July 8, with a 52-week high of $12.58 and a 52-week low of $7.27. Analysts forecast an average target price of $13.63, with a high estimate of $15.50 and a low estimate of $10.20, indicating a potential upside of 17.56%. The estimated GF Value for Goodyear Tire & Rubber Co. in one year is $10.57, suggesting a downside of 8.84% from the current price.

Goodyear Tire & Rubber Co. (GT) shares surged by 6.47% to $11.60 on July 8, marking a significant increase in the company's stock price. The stock reached a 52-week high of $12.58 and a 52-week low of $7.27, indicating a strong performance within the past year. Analysts have forecasted an average target price of $13.63, with a high estimate of $15.50 and a low estimate of $10.20, suggesting a potential upside of 17.56% from the current price [1].

The estimated GF Value for Goodyear Tire & Rubber Co. in one year is $10.57, indicating a potential downside of 8.84% from the current price. This estimate provides investors with a range of potential outcomes for the stock's performance over the next year.

The recent surge in Goodyear's stock price can be attributed to several factors, including the company's strong financial performance and positive analyst ratings. The company's Q1 2025 earnings call highlighted the company's progress in driving benefits and reaffirming its targets [2].

Additionally, the appointment of Ryan Reed as vice president of investor relations and the company's participation in the TD Cowen Future of The Consumer Conference have contributed to the positive sentiment surrounding the stock [3].

In conclusion, Goodyear Tire & Rubber Co.'s stock performance has been strong, with analysts forecasting a potential upside of 17.56% from the current price. Investors should closely monitor the company's future financial results and analyst recommendations to make informed investment decisions.

References:
[1] https://stockanalysis.com/stocks/gt/
[2] https://www.investors.com/ibd-data-stories/goodyear-tire-rubber-scores-relative-strength-rating-upgrade-hits-key-benchmark/