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The shares of Ford Motor Company (NYSE: F) have received a $22 price target from Tigress Financial Partners. These are the details.
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On Friday, Ivan Feinseth, an analyst at Tigress Financial, predicted that Ford Motor Co.'s (NYSE:F) stock will revert to its January highs. Tigress Financial's Bullish Call on Ford Is Unjustified Valuation Ford's non-GAAP price-earnings ratio is trading at a 37.03% surplus to its normalized five-year average, suggesting the stock's earnings per share value has been overhyped by the market. His argument is industry-specific as he states that "Ford will continue to benefit from its leading position in full-size pickup trucks and SUVs, the ongoing execution of its long-term EV production and battery technology development plans, and the successful acceleration of the introduction and production of several new EV models." Tigress Financial's Bullish Call on Ford Is Unjustified He raised the price target on the stock to $22 from $20, while maintaining a buy rating. Lastly, Ford is on a downward spiral as its trading below its 10-, 50-, 100- and 200-day moving averages.
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