Ford Motor Company Stock Forecast:
According to a forecast by 12 analysts, the average target price for Ford Motor Company stock over the next 12 months is USD 14.07. The analysts’ average rating for the stock is “Buy.” Stock Target Advisor‘s analysis of Ford Motor Company suggests a slightly bullish outlook, based on 9 positive signals and 6 negative signals. As of the last closing, Ford Motor Company’s stock price was USD 14.19. Over the past week, the stock price has decreased by -1.80%. However, over the past month and the last year, the stock price has increased by +22.01% and +23.61%, respectively.
Ford Motor Co. News:
Ford Motor Co. is reportedly gearing up for a new wave of layoffs affecting its salaried workers. The Wall Street Journal revealed this development, citing sources familiar with the matter. According to the report, the layoffs are expected to impact employees across Ford’s gas, electric-vehicle, and software divisions, although the exact number of job cuts remains undisclosed. As of now, Ford has not responded to requests for comment from Reuters.
The reported layoffs come as part of Ford’s ongoing efforts to restructure and adapt to a rapidly changing automotive landscape. The company has been actively pursuing initiatives to realign its operations, streamline its workforce, and invest in future technologies.
The automotive industry is undergoing a transformative shift, primarily driven by the push for electric vehicles (EVs) and autonomous driving capabilities. Automakers are faced with the challenge of balancing their traditional combustion engine products while transitioning to electric-powered cars. Additionally, the rapid advancements in software and connectivity are further reshaping the industry, necessitating a skilled workforce with expertise in these areas.
FA Score (Fundamental Analysis):
The fundamental analysis of Ford Motor Company is “Slightly Bullish” with an FA score of 6 out of 10, were 0 is very bearish and 10 is very bullish.
