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Ford Stock Near 52-Week High Amid Analyst Upgrades
27 May
Summary
- Jefferies raises Ford's price target to $14.50, maintains Hold rating.
- Ford's battery business projected to contribute positively starting 2029.
- Ford signs a five-year energy storage deal with EDF, up to 20 GWh capacity.
Jefferies has increased its price target for Ford Motor Company (F) to $14.50 from $13.50, while maintaining a Hold rating. The automaker's stock is currently trading near its 52-week high, reflecting a 51% return over the past year. The firm's positive outlook is supported by increased adjusted EBIT and Blue segment forecasts, alongside higher free cash flow estimates.
Ford's strategic focus on future growth includes its battery energy storage system business, which is anticipated to become a positive contributor starting in 2029. Projections for 2030 indicate approximately $4 billion in revenue and $0.14 earnings per share from this segment, with gradual deployment to utilities and retail sectors.
In other developments, Ford recently issued $1 billion in notes due in 2036 and held its annual shareholder meeting where directors were re-elected. Lisa Materazzo, global chief marketing officer, will depart on June 1, with Dean Stoneley stepping in as interim CMO. Furthermore, a significant five-year energy storage deal with EDF was announced, committing Ford to supply up to 20 gigawatt-hours of capacity, with deliveries slated to begin in 2028.
