in our free newsletter.

Thousands benefit from our email every week.

Sign up for our Moneywise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.

The bull call

In a recent note to investors, Tigress reiterated their ‘buy’ rating on auto giant Ford and planted a new price target on the stock of $22. That target represents upside of about 70% from Ford’s current levels.

Ford shares have plummeted in 2022 on investor fears over the entire sector, but Tigress sees the stock bouncing back in relatively short order.

Contemporary art has outperformed the S&P 500 by 131% for the past 26 years. Join the exclusive platform to invest in million-dollar works by artists like Banksy, Basquiat, and more. Get started today and diversify your portfolio with art.

Learn More

The bull case

Tigress likes Ford’s combination of stability (from its gas-powered vehicles) and growth (from its aggressive switch to electric vehicles).

“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 CIO Ivan Feinseth wrote last week.

Feinseth noted that Ford’s recent launch of the F-150 Lightning — already sold out of its 2022 production run — puts the company ahead of its rivals in the EV pickup market.

“The recent pullback in price also creates a compelling entry point and value as it begins its ongoing ramp-up of EV production following the recently announced production transformation, forming two distinct manufacturing business units highlighting EV production success and unlocking value.”

Buy-and-hold, too?

Tigress also noted that demand for Ford’s gas-powered trucks and SUVs remains strong all while its scales up its EV production, giving investors attractive short- and long-term upside.

“Ford’s 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.”

Ford currently offers a dividend yield of 3.2%.

Sign up for our Moneywise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.

Acorns rounds your everyday purchases to the nearest dollar and invests your spare change. That means any spare change from your daily spending – gas, coffee or groceries – will go towards building your wealth. Get up to $20 when you sign up with this special link.

Get Started

More from Moneywise

Meet Your Retirement Goals Effortlessly

The road to retirement may seem long, but with WiserAdvisor, you can find a trusted partner to guide you every step of the way

Wiseradvisor matches you with vetted financial advisors that offer personalized advice to help you to make the right choices, invest wisely, and secure the retirement you've always dreamed of. Start planning early, and get your retirement mapped out today.

About the Author

Brian Pacampara, CFA

Brian Pacampara, CFA

Investing Editor

Brian is an editor for MoneyWise. A long-time stock junkie, his work has appeared in The Motley Fool, Seeking Alpha, and Yahoo Finance. He believes in owning "Forever Stocks" — a rare group of businesses that have paid out dividends for decades. Brian holds the Chartered Financial Analyst (CFA) designation.

What to Read Next

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.