8 Top Auto Stocks to Buy In 2021

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3. Toyota Motor Corp. (ticker: TM)

Toyota is the world’s most profitable automobile manufacturer. In 2019, Toyota made $280.6 billion in revenue, compared to $24.6 billion for Tesla. In 2020, Toyota’s stock is expected to be relatively unchanged. The company’s business has been solid, according to Merrill Lynch Japan Securities Co. analyst Kei Nihonyanagi, and there is a growing sense of urgency within Toyota to focus more on its battery EV technology. For TM stock, Bank of America has a “buy” rating and a $180.04 price target.


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