Analyst Mark Delaney of Goldman Sachs maintained a Hold rating on Ford Motor, retaining the price target of $11.00.
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Mark Delaney has given his Hold rating due to a combination of factors surrounding Ford Motor’s recent developments. The company has introduced a Universal EV Platform that is expected to be first used in a midsized BEV truck, with a competitive starting price of approximately $30,000. This pricing is facilitated by a design that reduces the number of parts by 20% and a manufacturing process that shortens assembly time by 15%. These innovations are part of Ford’s strategy to enhance efficiency and reduce costs.
Furthermore, the platform is designed to be power-efficient, reducing battery usage by about one-third compared to first-generation EVs. The flexibility of the platform allows it to be adapted for multiple vehicle types, including both BEVs and EREVs, and supports Ford’s next-generation electrical and electronic architecture. While these advancements are promising, the Hold rating reflects a cautious stance, considering the long-term implementation timeline and potential market challenges Ford may face.
Delaney covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Ford Motor, and Gentex. According to TipRanks, Delaney has an average return of 18.8% and a 63.36% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also downgraded the stock to a Hold with a $12.50 price target.