Which beaten-down blue chip should I buy for a quick bounce? Tigress Financial says Ford shares could soar 70% in the next year — here’s why

Remember: what matters most is the thesis behind the rating.

Let’s look at a particularly bold call from investment firm Tigress Financial.

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.

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.