Ford Motor Co. faces a challenging outlook as 25 analysts primarily rate its stock as Hold, Underperform, or Sell, with an average price target of $10.37. Although overall sales increased 6.2% to over 1.1 million, electric vehicle sales declined significantly, with CEO Jim Farley pivoting towards hybrids. The F-Series continues to thrive, representing substantial U.S. sales. Internationally, especially in China, Ford struggles against competitive EVs. Farley voiced concerns over these advanced Chinese models potentially threatening Ford's market position, especially without tariff protections.
Almost all analysts covering Ford Motor Co. rate it as Hold, Underperform, or Sell, with an average price target of $10.37, indicating a pessimistic outlook.
Sales of electric vehicles at Ford fell 11.8% to 38,988 in the first half of the year, showcasing a decline in consumer interest in EVs.
CEO Jim Farley indicated a strategic shift towards hybrids as they align better with consumer preferences, despite significant investments in electric vehicle development.
The F-Series remains dominant, with sales up 17.2% in the first half of the year, reinforcing Ford's focus on gasoline-powered pickups amidst declining EV sales.
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