Toyota stock price to hit $20,000: report
Toyota, the world’s largest carmaker, said Tuesday it would trade up to $20.30 a share in the first quarter of 2021, from a market capitalization of $60.1 billion.
The stock price is expected to reach a high of $20 a share.
Toyota’s stock has climbed more than 40% over the past year.
Toyos stock price jumped to $40.50 in mid-June and was up more than 30% the next day.
The company’s shares have risen by more than 80% over a five-year period.
Toyotas shares have been gaining as a result of a strong sales momentum.
The Toyota Avalon, the company’s new hatchback, will hit the market later this month.