Deniz Yatirim keeps TRY 400.00 target for Tofas Turk Otomobil stock

Published on 10/14/2026 at 02:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deniz Yatirim kept a TRY 400.00 target on October 12, 2026. Tofas Turk Otomobil stock produced 77,000 units in the first half of 2026.

Target and operating milestones

On October 12, 2026, Deniz Yatirim kept its TRY 400.00 target for Tofas Turk Otomobil.
Production reached 77,000 units in the first half of 2026, up 30.00 percent year over year.
The next earnings report is scheduled for October 28, 2026.

Tofas Turk Otomobil, TRATOASO91H3, Illustration mit AI erstellt.

Deniz Yatirim kept a TRY 400.00 target for Tofas Turk Otomobil stock on October 12, 2026, according to Paratic. The target puts the broker's latest stated valuation above the last Borsa Istanbul price of TRY 260.50 on October 13, 2026, while the operating picture is led by rising production and exports.

Three dated operating milestones

On June 19, 2026, Tofas announced a 50,000-unit increase in annual production capacity to 500,000 units, as reported by 6ix. The move matters because the company is preparing additional vehicle programs while integrating Stellantis operations.

On July 30, 2026, management reported first-half production of 77,000 vehicles, up 30.00 percent from the prior-year period, in the earnings-call transcript published by Yahoo Finance. The same call described first-half export growth of 127.00 percent and maintained full-year production guidance of 145,000 to 155,000 units.

What supports the margin outlook?

Management identified profit before tax as the key profitability measure under inflation accounting. The first-half profit-before-tax margin was 3.40 percent, within the full-year guidance range of 3.00 percent to 4.00 percent, while the long-term 2028 margin target remained 5.00 percent to 7.00 percent, according to Yahoo Finance.

The near-term counterweight is domestic demand. Management said Turkish domestic light-vehicle demand fell 8.00 percent year over year in the first half, even as Tofas held a 26.30 percent market share and increased its light-commercial-vehicle share to 48.00 percent.

Upcoming reporting date

Tofas is scheduled to release its next earnings report on October 28, 2026, according to TradingView. The October reporting date will show whether export momentum and new-model launches are offsetting softer domestic demand.

Last Borsa Istanbul quote

Tofas was last at TRY 260.50 on Borsa Istanbul on October 13, 2026 at 6:09 p.m. TRT. Its market capitalization was TRY 130.3 billion, and its 52-week range was TRY 223.90 to TRY 358.25 as of October 13, 2026.