Tata Motors CV Soars: Brokerages Predict 18% Upside, Initiate 'Buy' Ratings

• Tata Motors CV stock surged 5% on Dec 18, closing at Rs 401.55, following positive analyst recommendations.
• BofA Securities and JPMorgan initiated coverage with 'Buy'/'Overweight' ratings, setting a price target of Rs 475.
• Analysts project an 18% upside, citing stable market share, margin discipline, and recovery in domestic/European businesses.
• The Iveco acquisition deal (Rs 38,000 crore, expected 2026) is a key growth driver, reducing debt and increasing equity value.
• The CV business, demerged and listed separately on Nov 12, 2025, has strong analyst consensus with 12 'Buy' ratings.

Why It Matters: Tata Motors CV stock shows strong growth potential with new 'Buy' ratings and an 18% upside target.