JPMorgan cuts target for Goodyear stock to USD 9.00

Published on 10/06/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 4.25 billion, down 4.80 percent. Goodyear stock costs EUR 4.19 on October 6, 2026 versus EUR 4.17, plus 0.48 percent.

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JPMorgan cut its price target for The Goodyear Tire & Rubber Company (US3825501014) from USD 10.00 to USD 9.00 on October 2, 2026, while maintaining an overweight rating, according to MarketBeat. Goodyear stock was at EUR 4.19 at Lang & Schwarz on October 6, 2026, plus 0.48 percent versus the EUR 4.17 prior close.

JPMorgan lowers the target

The target reduction puts the latest JPMorgan view below its earlier USD 10.00 level, but the retained overweight rating shows that the bank still expects a recovery case despite weaker near-term operating conditions. MarketBeat also reported an average analyst target of USD 8.06 and a Hold consensus on October 2, 2026, based on two Buy, three Hold and two Sell ratings.

The target change is set against a sharp deterioration in the share price during 2026. The Nasdaq-listed company had a 52-week range of USD 4.61 to USD 10.62 and a market capitalization of USD 1.3 billion as of October 5, 2026.

Second-quarter loss tests the turnaround

Goodyear reported USD 4.25 billion in revenue for the second quarter of 2026, down 4.80 percent from the same period a year earlier. The company posted an adjusted loss of USD 0.61 per share, slightly better than the USD 0.63 consensus loss, according to MarketBeat.

Revenue nevertheless exceeded the USD 4.19 billion estimate by USD 0.06 billion, a positive comparison that was outweighed by the continuing loss profile. The company disclosed its second-quarter results on August 5, 2026, and its investor site identifies those results as the latest quarterly earnings release, according to Goodyear.

Portfolio cuts raise execution stakes

Goodyear is also simplifying its operations. Simply Wall St reported on October 4, 2026, that the company plans to close chemical facilities in Niagara Falls, New York, and Bayport, Texas, with the Niagara Falls site scheduled to close on October 31, 2026. Management expects the refocusing on tires and related services to lift annual Americas operating income by USD 15 million to USD 20 million.

That potential benefit remains small beside the scale of the revenue decline and the second-quarter loss. For investors, the central test is whether portfolio simplification and the Goodyear Forward program can improve tire volumes, plant utilization and operating income quickly enough to support the lower analyst target.

Euro quote and market scale

Goodyear stock was trading at EUR 4.19 at Lang & Schwarz on October 6, 2026 at 1:00 p.m. CEST. The prior close was EUR 4.17, making the intraday change plus 0.48 percent; on Nasdaq, the 52-week range was USD 4.61 to USD 10.62 as of October 5, 2026.