5 Best Electric Vehicle Supply Chain Stocks to Invest In

3. Lear Corporation (NYSE:LEA)

On May 5, 2026, Barclays raised the firm’s price target on Lear Corporation (NYSE:LEA) to $150 from $140 while maintaining an Equal Weight rating on the shares following the company’s Q1 report. The firm said Lear appears on track to achieve the upper end of its 2026 guidance range.

Meanwhile, Citi raised the firm’s price target on Lear Corporation (NYSE:LEA) to $179 from $177 and maintained a Buy rating on the shares.

On May 1, 2026, Lear Corporation (NYSE:LEA) reported Q1 adjusted EPS of $3.87, versus the consensus estimate of $3.51. Revenue totaled $5.82B, versus the consensus estimate of $5.84B. President and CEO Ray Scott said the company delivered its highest quarterly adjusted EPS since 2019 despite a dynamic operating environment, while both business segments posted year-over-year margin improvement. Scott added that Lear continues to benefit from strong new business awards and expanding relationships with Chinese automakers, which increased backlog across both segments. The company also highlighted targeted investments in automation and digital tools that are supporting long-term growth initiatives and enabling faster program launches, including seating programs for GM full-size SUVs and pickup trucks in Orion.

Lear Corporation (NYSE:LEA) reaffirmed its FY26 revenue outlook of $23.21B-$24.01B, versus the consensus estimate of $23.6B. The company also maintained its FY26 adjusted EBITDA outlook of $1.65B-$1.82B, capital spending outlook of $660M, and free cash flow outlook of $550M-$650M. The company said its guidance assumes global industry production will decline approximately 2% year over year on a Lear sales-weighted basis and excludes any potential future impact from tariff changes or broader production disruptions.

Lear Corporation (NYSE:LEA) designs, develops, engineers, manufactures, and supplies automotive seating and electrical distribution systems for automotive OEMs globally.