Piper Sandler Ford · F

Piper Sandler Increases Ford’s Price Target to $11

1 min read Reproduced verbatim
Rating
Neutral
Target
$11
from $9.50 (+16%)
Outcome
Missed
within 12 months
Piper Sandler and Ford logos

What the analyst said

Piper Sandler analyst Alexander Potter raised on October 24, 2025, the price target on Ford to $11 (from $9.50), while maintaining a ‘Neutral’ rating on the stock.

“Outlook Better than Feared; PT Moving Higher, But We Think F is Fairly Priced;

We remain Neutral following today’s Q3 results.

In sum, the quarter was better than expected, and the outlook was better than feared.

A recent change to tariff policy should boost Ford’s EBIT by $1B, and as a result, we’re comfortable increasing our margin outlook in 2026.

Pricing has been resilient, and so far, higher prices haven’t sapped demand; hence, we’re also increasing our revenue outlook.

If not for a recent fire at Novelis (Ford’s aluminum supplier), the company would’ve boosted guidance today.

Once aluminum supply is normalized in 2026, Ford should be operating at a more profitable run-rate.

We still use a target P/E multiple of 7x, but due to higher 2026 EPS, our price target (PT) is moving to $11, up from $9.50.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

F trades at $12.53. The 6 analysts who set a target in the last 3 months range from $12 to $20, with a median of $14.50. This $11 target is 24% below the median, the lowest on the Street.

Since the note F has moved +2% (from $12.34). The 12-month window closed on October 24, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note F closed at $11.58, 5% above the $11 target, but it moved the way the analyst expected.

Firm track recordPiper Sandler: 79% of its 38 targets at least a year old were reached within 12 months (#15 of 26 firms); on Ford, 0 of 2. Accuracy ranking →

Piper Sandler on Ford

Piper Sandler price targets on Ford

6 calls from July 31, 2025 to July 29, 2026. The target went from $9.50 to $17 (+79%). The rating moved from Hold to Buy.

Piper Sandler targetF share price
  1. July 29, 2026Target raised from $16 (+6%)Buy$17
  2. February 11, 2026Kept the $16 targetBuy$16
  3. January 26, 2026Kept the $16 targetBuy$16
  4. January 8, 2026Upgraded to Buy, target raised from $11 (+45%)Buy$16
  5. October 24, 2025 This noteTarget raised from $9.50 (+16%)Hold$11
  6. July 31, 2025Earliest call shownHold$9.50
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Other analysts on Ford

CitiBuy Kept rating and price target Nov 2 $20maintained RBC CapitalHold Cut price target −7%, kept rating Oct 29 $14from $15 Morgan StanleyHold Cut price target −7%, kept rating Oct 29 $13from $14 Goldman SachsHold Cut price target −14%, kept rating Oct 29 $12from $14 JP MorganBuy Cut price target −6%, kept rating Oct 12 $16from $17
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.