Two new Toyota (TM) recalls have been announced that affect over 140,000 of the automaker’s vehicles. The first recall concerns the brakes of 106,061 2024 and 2025 four-wheel-drive Toyota Tacoma pickup trucks sold in the U.S. The fix is needed as a clearance issue may cause mud and dirt to collect around the rear brake hose of the trucks. This can cause a leak, reducing braking ability and increasing the risk of a wreck.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
The second recall affects 2025 Toyota Camry and 2025 Lexus NX vehicles, as well as 2024 to 2025 Lexus RX models. The problem is faulty second-row seatbelts that were likely damaged during assembly. These might not meet strength requirements, increasing the risk of injuries during a crash.
Owners of vehicles affected by this recall will want to take them to an authorized dealer for repairs. Fortunately, Toyota is covering the cost of fixing these errors, meaning it won’t cost owners a cent to get their vehicles back up to snuff.
How Is TM Stock Reacting to the Recalls?
TM stock is seeing the slightest of slips in pre-market trading with shares down 0.03%. This shows that investors are largely unphased by the recall news. That makes sense as recalls are fairly common and often don’t require major repairs to meet safety standards.
Is TM Stock a Buy, Sell, or Hold?
Turning to Wall Street, there’s no analysts’ consensus rating for TM stock. Switching to its OTC counterpart, Toyota (TYIDF) has a consensus Hold rating based on one Buy and four Hold ratings over the last three months. With that comes an average price target of $82.90 with a high forecast of $96.05 and a low forecast of $73.68. This represents a potential 2.35% upside for TM stock.
