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An update from GoodYear Tire ( (GT) ) is now available.
On July 16, 2026, Goodyear approved a plan with the United Steelworkers to permanently close its Fayetteville, North Carolina manufacturing plant as part of a capacity rationalization effort in the Americas, eliminating about 1,750 jobs to lower production costs per tire. The company expects to incur total pre-tax charges of $535 million to $565 million through 2027, largely tied to exit costs, asset-related write-downs and pension termination benefits, while targeting improvements in Americas segment operating income of about $90 million in 2027 and roughly $270 million annually from 2028 onward.
Goodyear plans to recognize $205 million to $225 million of these charges in the third quarter of 2026 and an additional $65 million to $85 million over the rest of 2026, with most cash outflows completed by the end of 2027. The closure marks a significant restructuring step that reduces manufacturing footprint and workforce in the U.S., signaling an aggressive push to enhance profitability and operational efficiency in its Americas business despite near-term financial and employment impacts.
The most recent analyst rating on (GT) stock is a Buy
with a $9.00 price target.
To see the full list of analyst forecasts on GoodYear Tire stock,
see the GT Stock Forecast page.
Spark’s Take on GT Stock
According to Spark, TipRanks’ AI Analyst, GT is a Neutral.
The score is driven primarily by weak financial performance (loss-making TTM margins, negative free cash flow, and high leverage) and bearish technicals (price below key moving averages with negative MACD). Earnings-call positives around cost savings and select regional strength are outweighed by heavy near-term headwinds (volume declines, large Q1 cash outflow, and higher raw-material/inflation pressures), while valuation metrics provide limited support due to negative earnings and no dividend yield provided.
To see Spark’s full report on GT stock,
click here.
More about GoodYear Tire
The Goodyear Tire & Rubber Company is a major U.S. manufacturer in the global tire industry, producing tires for passenger vehicles, trucks and other transportation sectors. Its operations span the Americas and other regions, where it focuses on large-scale tire production and cost efficiency to remain competitive in mature and cyclical markets.
Average Trading Volume: 10,009,421
Technical Sentiment Signal: Sell
Current Market Cap: $2.1B
Learn more about GT stock on TipRanks’ Stock Analysis page.