Toyota (TM) Rises Roughly 50% in a Year: Time for Profit-Taking?

Japan’s auto giant Toyota (TM) had a stellar run on the bourses over the past year. Shares of the company have risen 49.3%, outperforming the industry and the S&P 500’s growth over the timeframe. The world’s largest automaker by volume notched record highs in production, sales and profit in fiscal 2024 (ended in March 2024). One-Year Price PerformanceImage Source: Zacks Investment ResearchSo, following the impressive performance, should you buy the stock for more upside potential or cash out the gains?A Blo ...