Ford Motor Co. (NYSE: F) is one of the most recognizable companies in the global auto industry. Known for its passenger cars and trucks, the company has faced stiff competition in recent years from both American and international automakers. The company’s stock is underperforming today, but its bargain price makes it an interesting pick for alternative investors.
Ford still generates the majority of its earnings from gas-powered vehicles, but this is set to change in the coming years. The company will invest $11.5 billion in electric vehicles between now and 2022, including fully-electric versions of its most popular models. The company’s transition will make it competitive with Tesla, currently the world’s most valuable all-electric manufacturer.
Ford has the resources and manufacturing network to succeed in the electric vehicle market. Its pledge to invest billions into new vehicles is proof that it is willing to step away from its traditional designs. Long-term, this has the potential to become one of the most powerful auto stocks. There’s a short-term price target of $7.41 on this stock, suggesting that early gains will be possible for investors who buy today.
- 1 Year Price Growth: -25.84%
- YTD Price Growth: -29.03%
- 3 Month Price Growth: 55%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.