Ford Stock Forecast: Electric Vehicles Boosting Sales and Future
This Ford stock forecast article was written by Maria Grishaev, Analyst at I Know First.
Executive Summary
- Ford Motor Company has a good year so far in 2021. The stock price went up by 68.66% YTD
- With a new electric car that is giving Tesla tough competition and its plans to invest $30B in the electric vehicle segment, Ford is preparing for the future.
- Quantitative analysis results indicate bullish signals after stock price topped out the moving average line.
- F deserves a one-year target price of $21, representing potential revenue growth.