Hmc stock price auto sector analysts see HMC stock

Auto sector analysts see HMC stock price likely testing $32.20 in the near term, provided U.S. interest rate stability continues. Domestic Japanese economic policy updates could further strengthen the equity’s momentum. Wall Street experts opine that Honda Motor Co., Ltd. (NYSE:HMC)’s operating profit margins are expected to be aided by the growth potential of its emerging market (EM) motorcycle and HEV operations. Moreover, the company’s strategy of vertical integration, primarily in the development of batteries and software crucial for competitiveness in the battery electric vehicle (BEV) era, should act as a primary tailwind. As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. In Wednesday’s close, HMC stock price traded at $31.66, just shy of its month-to-date high. Sector-wide vehicle delivery statistics from the U.S. show resilience despite macroeconomic turbulence, bolstering Honda’s near-term price floor.