Goodyear stock price forecast is influenced by macroeconomic drivers

Goodyear stock price forecast is influenced by macroeconomic drivers such as the Federal Reserve’s interest rate path. Lower borrowing costs could support capital investments and strengthen expansion projects. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The iconic tire company has a strong manufacturing base in the United States. In its earnings report, Goodyear said that only 12% of its U.S. tire supply (accounting for 60% of its revenue) comes from non-USMCA countries. The sector average is 50%, putting Goodyear at a competitive advantage. Goodyear stock price forecast shows sensitivity to crude oil trends since oil derivatives are key inputs. Current stable prices could keep manufacturing expenses in check, favoring profit expansion.