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Analysts’ Price Target for Toyota Falls

John Parker
Analysts’ Price Target for Toyota Falls

According to Reuters, of the 22 analysts covering Toyota (TM), 45% have recommended “buy,” 50% were cautious and recommended “hold,” and 5% recommended “sell.” Analysts’ 12-month target price for Toyota’s ADRs (American depositary receipts) was $133.22, reflecting a 4.2% upside potential based on its market price of $127.81. This potential is not as large as General Motors’ (GM) and Ford’s (F) 37.5% and 14.4% upside potential. Over the last ten days, analysts’ target price for TM has fallen to $138.29 from $138.29.