Piper Sandler Reiterates $16 Price Target on Ford

Piper Sandler analyst Alexander Potter reiterated on February 11, 2026, an ‘Overweight’ rating and $16 price target on Ford.

“We’d Own Ford Following In-line Guide; Execution Can/Should Drive 2026 Upside;

Ford is trading +0.6% in the after-hours session, following 2026 EBIT guidance that bracketed consensus.

We think there’s an achievable path to meeting or exceeding the top-end of guidance, and in this regard, we think Ford largely controls its own destiny – barring force majeure events.

Specifically, if share gains in Ford Pro (high margin) offset share losses from the outgoing Ford Escape (low margin), and if warranty performance continues improving, then mid-year beats/raises seem doable.

This will be especially true if the Novelis aluminum plant starts back up in May (bull case), instead of in September (bear case).

We still think Ford benefits from a favorable macro- and company-specific setup, and we reiterate our Overweight rating.”

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