Nasdaq F Ford

Over the next decade the electric vehicle story is expected to unfold, in the process revolutionizing the auto industry as we know it. EV start-ups are popping up like weeds, attuned to this new opportunity.

However, it is not just upstarts looking to ride this secular trend, legacy auto makers have realized where the puck is going and are chasing it down.

Tigress analyst Ivan Feinseth sees one auto giant as exceptionally well-positioned to use this new world order to its advantage, and this will naturally benefit investors too.

“Ford’s (F stock analysis) ongoing rollout of new products along with international expansion and consistent long-term history of returning cash to shareholders will drive greater long-term shareholder value creation. We believe significant upside exists from current levels,” the 5-star analyst said.

By 2030, Ford has set its sights on having 40% of global vehicle production fully electric. To do so, it plans on investing $30 billion over the next 4 years on “significant EV initiatives.”

These include the creation of a global battery center - Ford Ion Park. Here, more than 150 experts will work on ways to “boost battery range and reduce costs.” Its battery tech will be vertically integrated with a vast selection of EV Batteries, such as IonBoost lithium-ion and IonBoost Pro lithium iron phosphate for commercial vehicles. Based on engineering from Ford and Solid Power, the company will also develop long-range, low-cost solid-state batteries.

The company is also setting up BlueOvalSK, a joint venture with South Korea’s SK Innovation, which by mid-decade will produce lithium-ion batteries in two new battery plants in Tennessee and Kentucky

Of course, the new battery tech will go toward the EV offerings and here the company’s new products are getting an enthusiastic reaction and set to be a “key growth driver.”

Ford’s leadership in pickup trucks will see a further boost from the all-electric F-150 Lightning set to become available next spring. “So far,” notes Feinseth, “Reservations for the F-150 Lightning now exceed more than 120,000 units, with 75% being first-time Ford buyers.”

The Mustang Mach-E has also seen “incredible success,” and is now the US’ second-best-selling electric SUV. It was also recently named Car and Driver Electric Vehicle of the Year, leaving the Tesla Model Y Performance, the Porsche Taycan, and the Audi e-tron all trailing behind.

To this end, Feinseth reiterated a Buy rating on Ford stock and has a joint Street-high price target of $20. Investors could see returns of 25%, should the analyst’s thesis go according to plan. (To watch Feinseth’s track record, click here)

So, that’s Tigress’ view, but what does the rest of the Street have in mind for the auto giant? Based on 7 Buys vs. 3 Holds and 1 Sell, the stock has a Moderate Buy consensus rating. After adding 82% of share gains so far this year, in contrast to Feinseth, most analysts think the stock has soared enough; the $16.75 average target suggests shares will stay rangebound for the foreseeable future. (See F stock forecast on TipRanks)

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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Nowadays it seems like every auto manufacturer is getting into electric vehicles (EVs), and for good reason. Many analysts see an inevitable massive green wave washing over the industry, one which has already carried several EV producers to high valuations. At this point, the legacy OEMs like the Ford Motor Co. (F) have come to terms with the future and are making moves to adapt their pipelines.  (See Analyst Top Stocks on TipRanks)

Bullish on the Michigan-based car company is Ivan Feinseth of Tigress Financial Partners, who wrote that Ford has been heavily steering itself toward EV innovation. He added that “Ford will invest $30 billion over the next four years to develop and expand its EV production with the goal that 40% of global vehicle production will be fully electric by 2030.” 

Feinseth rated the stock a Buy, and assigned a price target of $20 per share. This target indicates a possible 12-month upside of 24.69%.  

The five-star analyst elaborated that Ford’s robust balance sheet and cash flow are providing ample operating leverage for it to take on these ambitious initiatives. Furthermore, he argued that the company’s strong brand, worldwide production footprint, and vast dealership network provide it with a competitive advantage.  

Ford intends to expand this vertical production capability, and has plans a joint venture with South Korea’s SK Innovation to open new battery plants in Tennessee and Kentucky.  

Beyond its “aggressive electrification investment initiative,” Ford is already seeing “tremendous success” from new models like the Bronco and Mustang Mach EV cars. The car company is capitalizing on digital services like Ford Pass and Lincoln Way, and is streamlining its customer experience by enhancing the purchasing process, financing options, and repair support.  

On TipRanks, F has an analyst rating consensus of Moderate Buy, based on 6 Buy and 3 Hold ratings, and 1 Sell rating. The average Ford Motor Co. price target is $16.43, suggesting a potential 12-month upside of 2.43%. F closed trading Wednesday up 4.02% and at a price of $16.04 per share.  

Disclosure: At the time of publication, Brock Ladenheim did not have a position in any of the securities mentioned in this article. 

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of Tipranks or its affiliates, and should be considered for informational purposes only. Tipranks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. Tipranks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by Tipranks or its affiliates. Past performance is not indicative of future results, prices or performance. 

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