Toyota (TM, $122.70) and SoftBank Announce Joint Venture on Driverless Transportation Services
Softbank and Toyota are joining hands for developing driverless technology-based transportation businesses.
In a joint venture called Monet, the two Japanese companies will offer services including mobile convenience stores, delivery vehicles, transportation for the elderly, hospital shuttles and mobile offices – all via autonomous vehicles. SoftBank Group can potentially leverage the data collected from its Internet of Things platform towards developing the venture, while Toyota’s experience in the vehicle industry will add to the partnership.
All of Monet’s services are expected to roll out, phase by phase, over the next decade. For instance, by the second half of the 2020s, the venture will start an on-demand mobility service using Toyota's self-driving electric vehicle called e-Palette for meal deliveries and hospital shuttles.
The companies said that the joint venture will start at 2 billion yen ($17.49 million), and will be raised to 10 billion yen in future. However no timeline has been mentioned as yet. SoftBank will have a 50.25% stake in Monet while Toyota will own 49.75%.
The news comes shortly after Toyota rival Honda announced a $2 billion investment over the next 12 years towards a collaboration with General Motors’s self-driving vehicle subsidiary Cruise for building an apparently one-of-a-kind driverless cars.
TM in upward trend: price may ascend as a result of having broken its lower Bollinger Band on June 22, 2026
TM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 35 cases where TM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TM's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on July 02, 2026. You may want to consider a long position or call options on TM as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TM just turned positive on June 29, 2026. Looking at past instances where TM's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TM advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where TM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for TM entered a downward trend on July 07, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.837) is normal, around the industry mean (9.313). P/E Ratio (9.552) is within average values for comparable stocks, (582.515). Projected Growth (PEG Ratio) (1.556) is also within normal values, averaging (2.811). Dividend Yield (0.034) settles around the average of (0.038) among similar stocks. P/S Ratio (0.725) is also within normal values, averaging (14.491).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
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Fundamental Analysis Ratings
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General Information
a manufacturer of motor vehicles and parts
Industry MotorVehicles
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