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Investing.com - Piper Sandler raised its price target on Ford (NYSE:F) to $11.00 from $9.50 while maintaining a Neutral rating on the stock following the automaker’s third-quarter results. The stock, currently trading at $12.34 and near its 52-week high of $12.80, has delivered a strong 27.85% return year-to-date, according to InvestingPro data.
The research firm noted that Ford’s quarterly performance was better than expected, and the company’s outlook was "better than feared." Piper Sandler highlighted that a recent change to tariff policy should boost Ford’s EBIT by $1 billion, prompting the firm to increase its margin outlook for 2026. InvestingPro analysis shows Ford maintains a GOOD overall financial health score, with particularly strong price momentum metrics.
Ford’s pricing has remained resilient without negatively impacting consumer demand, leading Piper Sandler to also raise its revenue outlook for the automaker. The firm maintained its target P/E multiple of 7x but increased the price target based on higher projected 2026 earnings per share.
Piper Sandler pointed out that Ford would have boosted its guidance if not for a recent fire at Novelis, the company’s aluminum supplier. Once aluminum supply normalizes in 2026, the research firm expects Ford to operate at a more profitable run-rate.
Despite the improved outlook and higher price target, Piper Sandler continues to view Ford shares as fairly priced, maintaining its Neutral stance on the stock. The company currently offers a substantial 6.29% dividend yield, though InvestingPro’s Fair Value analysis suggests the stock is slightly overvalued at current levels.
In other recent news, Ford Motor Company announced its third-quarter 2025 earnings, which surpassed analyst expectations. The company reported an earnings per share (EPS) of $0.45, exceeding the forecasted $0.35. Revenue also outperformed projections, reaching $50.5 billion compared to the anticipated $46.91 billion. These results highlight a strong financial performance for the quarter. Despite the positive earnings report, Ford’s stock experienced a slight decline during regular trading hours. Analysts had anticipated a different market reaction given the robust earnings and revenue figures. The company continues to attract attention from investors and analysts alike due to these recent developments.
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