BofA Reiterates Buy Rating on Ford (F) After $2 Billion EV Investment and Platform Launch

Ford Motor Company (NYSE:F) ranks among the best stocks to buy for retirement. Following Ford Motor Company (NYSE:F)’s “Next Model T Moment” event on August 11, BofA Securities reiterated its Buy rating and set a price target of $14 on the company’s shares. Ford announced its Universal Vehicle Platform at the event, emphasizing the benefits the new design will bring to EV manufacturing. The company also announced a $2 billion investment in its Louisville, Kentucky, plant to begin producing vehicles based on the platform.

BofA Securities sees promise in these developments, pointing out that Ford Motor Company (NYSE:F) seems to be taking cues from leaders in EV manufacturing to construct a value proposition that is competitive. Despite the current downturn in U.S. sales of electric vehicles, the firm believes Ford is setting itself up for the future of electrification.

Ford Motor Company (NYSE:F), a global automotive industry leader, manufactures a wide range of commercial and luxury vehicles under the Ford and Lincoln brands.

While we acknowledge the potential of F as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.