can you tell me who is going to win in the scaling up game? a company that has been mass producing cars since the dawn of the 19th century, or those that are just starting to scale up.
Ford is an established 100+ year old auto maker and is $20.25 per share. Rivian is a 1 year old upstart and is $97 per share. The stock price doesn't make any sense.
I see this F stock to hit in 2022 a price target between the area of $27 to $30 , This is a new era for an old era automaker that's been doing it a very long time !
You're up over 50% in the last 4 months. Look at the pre-covid numbers and ask yourselves if a correction is not warranted. Ford has not traded this high in 2 decades. Ford is not a meme stock. You're not going to get the Pop of a GameStop. Ford is an iconic brand but trading at these levels is not sustainable especially going into another round of Pandemic.
The F-150 will be a game changer for Ford with all the pre orders that have to be fulfilled and i can see this stock by March of 2022 being in the $23 to $24 range !
There is certainly more good news on the way for Ford. I'm predicting Ford will achieve a market cap of
$100B to $120B next year. That would equate to a share price of $25 to $30.
Is it really that good? Rivian has been working to fulfill a contract to produce 100,000 electric vehicle delivery vans for Amazon through 2024. Amazon ordered ZERO Ford EVs
If I were a TESLA investor... though I'm not.... I would be very concerned and WORRIED about one BASIC and KEY metric, the valuation of the company based on forward earnings.
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