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.