Piper Sandler Ford · F

Piper Sandler Reaffirms Ford’s Overweight Rating

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$16
Unchanged
Outcome
Reached
on May 28, 2026
Piper Sandler and Ford logos

What the analyst said

Piper Sandler analyst Alexander Potter reiterated on January 26, 2026, an ‘Overweight’ rating and $16 price target on Ford.

“Warranty as a Source of Upside (for a Change)

It’s no secret that Ford has a reputation for poor quality.

In terms of warranty expense, Ford has outspent GM (as a % of vehicle price) in 24 of the past 27 quarters.

But if Ford addresses this problem in 2026, which seems possible, then the company could book up to $2.8B in “free” incremental EBIT, relative to 2025, equating to a y/y EPS tailwind of $0.54.

If it materializes, this earnings boost would complement strong trends in Ford Pro, which is Ford’s highest-margin segment (levered to housing).

EV losses should also improve y/y, due to lower spending on regulatory credits and lower structural cost, due to write-downs.

Overweight-rated F is our favorite idea in 2026.”

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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 $16 target is 10% above the median.

Since the note F has moved −8% (from $13.56). 12-month window: day 283 of 365, closes on January 26, 2027.

Track record

This call✓ Target reached on May 28, 2026, 5 months after the note. Same target as this firm’s January 8, 2026 note, so it is scored there.

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, 2026 This noteKept the $16 targetBuy$16
  4. January 8, 2026Upgraded to Buy, target raised from $11 (+45%)Buy$16
  5. October 24, 2025Target 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.