Toyota Motor (TM, Financial) presented a research paper at the Japanese Society of Automotive Engineers Annual Spring Congress, showcasing the feasibility of using vehicle-to-network (V2N) technology in enhancing Advanced Driver Assistance Systems (ADAS). This study, co-authored with SoftBank, Eye-Net Mobile from Foresight Autonomous, and TechnoCo, delves into overcoming the limitations of traditional in-vehicle sensors, specifically their inability to detect hazards that are not in direct sight.
The research investigates the integration of smartphones as external sensors to improve hazard detection using V2N communication. The evaluation primarily concentrates on metrics like communication delay, tracking precision, and device positioning accuracy in varied urban settings. Findings suggest that V2N technology can significantly boost ADAS capabilities, enhance vehicle safety, and open new market possibilities. However, it also highlights the necessity for advancements in positioning precision and the creation of sustainable business models for widespread commercial adoption.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Toyota Motor Corp (TM, Financial) is $218.15 with a high estimate of $227.12 and a low estimate of $209.17. The average target implies an upside of 27.96% from the current price of $170.48. More detailed estimate data can be found on the Toyota Motor Corp (TM) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Toyota Motor Corp's (TM, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Toyota Motor Corp (TM, Financial) in one year is $216.98, suggesting a upside of 27.28% from the current price of $170.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Toyota Motor Corp (TM) Summary page.
