Short-term "tan stock price forecast" models project a potential retest of $62.20, assuming continued fund inflows from ESG-focused investors. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. In our bear case, we see either negative or very negative impact on 34% of our coverage. In terms of the Japan TME Index, almost half may see at least a negative valuation impact. Besides the auto industry, we expect Japan’s three largest banks to see their valuations negatively affected by declines in asset quality that lead to lower earnings. A slowing economy may also stall interest rate rises by the Bank of Japan, which would impede the improvement in margins. Overall returns on equity would be diminished. The updated "tan stock price forecast" shows correlation with broader clean tech ETFs. Seasonal energy demand cycles typically provide price support in Q4 trading sessions.