Erste Group cut forecast for Toyota Motor stock to USD 21.91
Published on 10/14/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAutomation and earnings estimates
- Factory automation could require JPY 1.0 trillion annually from 2028, Reuters reported on September 18, 2026.
- Erste Group reduced its FY2028 earnings-per-share forecast to USD 21.91 on October 8, 2026.
- Toyota Motor stock traded at EUR 170.00 at 10:13 a.m. CEST at Lang & Schwarz on October 14, 2026.
Toyota Motor Corporation (ISIN US8923313071) stock stood at EUR 170.00 at Lang & Schwarz on October 14, 2026, while Erste Group cut its FY2028 earnings-per-share forecast to USD 21.91 from USD 22.08 on October 8, 2026. The bank kept its Strong Buy rating, giving the latest estimate a direct earnings focus.
Automation sets a large investment marker
According to Reuters on September 18, 2026, Toyota estimated that factory modernization could cost JPY 1.0 trillion annually from 2028. The estimate covers Toyota, group companies and major suppliers, with approximately 400,000 robots required across those operations.
The scale matters because the plan includes replacements for existing machines as well as new industrial, logistics and human-robot collaboration systems. Reuters also reported that Toyota had not specified how many years the annual spending would continue, so the figures describe an investment estimate rather than a confirmed multiyear budget.
What does the estimate change?
The analyst revision adds a counterweight to the automation narrative. MarketBeat reported that Erste Group's USD 21.91 FY2028 forecast was below its previous USD 22.08 estimate but above the broader USD 20.36 consensus. That comparison puts the cut in context: the forecast was reduced, yet it remained higher than the cited consensus.
The latest reported quarter also provides a reference point. MarketBeat said Toyota reported USD 7.42 quarterly earnings per share and USD 83.16 billion of revenue, with an 8.61 percent net margin, in the quarter announced on June 30, 2026.
Results date is November 5
Toyota's investor-relations calendar lists FY2027 second-quarter financial results for November 5, 2026, following the FY2027 first-quarter results released on August 4, 2026, according to Toyota. The upcoming report is the next scheduled checkpoint for the earnings estimate and the automation spending discussion.
TM quote in European trading
At Lang & Schwarz, Toyota Motor stock was trading at EUR 170.00 on October 14, 2026 at 10:13 a.m. CEST. The quote is an intraday euro reference for investors in Germany.
The further course of trading is shown by the continuously updated real-time quote of Toyota Motor stock.
Toyota Motor market data
- Company: Toyota Motor Corporation
- ISIN: US8923313071
- Ticker: TM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 14, 2026, 10:13 a.m. CEST): EUR 170.00
- Market capitalization: USD 240.6 billion (as of October 13, 2026)
- 52-week range: USD 166.10-248.90 (as of October 13, 2026)
- Sector / Industry: Consumer Discretionary / Automobiles
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
