What's Going On With Toyota Motor Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
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Source: Benzinga
Toyota's Production Cuts: Toyota plans to reduce its electric vehicle production target for 2026 by 30% to one million cars due to a slowdown in global demand, while also investing significantly in battery production.
Government Support for EV Batteries: The Japanese government is expanding support for electric vehicle battery production with a pledge of up to $2.4 billion for various projects, aiming to enhance the country's storage battery supply chain and competitiveness.
Analyst Views on APIE
Wall Street analysts forecast APIE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APIE 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: 37.139
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Current: 37.139
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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.
