Ford Poised to Soar 34% Higher, Says Analyst
Ford (NYSE: F) can't compete with the performance of market darlings like electric vehicle maker NIO (NYSE: NIO), which has soared 1,000% this year. But the old-line automaker has held its own, rising 42% over the last six months, and is up over 120% from the low point it hit in March at the start of the pandemic.
On Monday, Benchmark analyst Michael Ward reiterated his buy rating on Ford stock, and in a research note to investors increased his price target to $12 from $11, a 34% increase from where it currently trades.
Image source: Ford.
Source Fool.com