Turkish president’s main rival is arrested. The lira is crashing.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2025
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Source: MarketWatch
Economic Impact: The Turkish lira has dropped to a record low against the U.S. dollar, and the Istanbul stock market has significantly declined following the arrest of the main opposition challenger to President Erdogan.
Investor Concerns: There is growing anxiety among investors regarding Erdogan's authoritarian approach and the implications of detaining his primary rival, which could threaten stability in Turkey as a NATO member.
Analyst Views on TUR
Wall Street analysts forecast TUR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TUR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.080
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Current: 39.080
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
