Piper Sandler Increases Ford’s Price Target to $11
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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