Could Ford Stock Reach $30 by 2030?
After shares fell 12% in the last four years, the bulls hope that the rest of the decade will be better.
Overview
It's hard for Ford Motor Company (NYSE: F) to escape the cutthroat nature of the mass market car industry. Plus, changing macroeconomic conditions can make things difficult. It seems that consumer confidence, interest rates, and gas prices have worked against the business at times. This helps explain why, over the past four years, the share price has fallen 12% (as of Aug. 17).
But Ford has benefited from heightened investor interest recently. The automotive stock has climbed 23% in the past 12 months. Investors are bullish on Ford Energy, a new segment announced in May that plans to sell battery systems to various customers, capitalizing on the surge in demand for grid storage.
Details
Maybe the winning performance will continue for investors. Or perhaps this company will keep lagging the overall market, as it has historically.
Source
Originally published at www.fool.com.