Is Ford Motor Company (F) One of the Top Cheap Stocks Under $20 to Buy Now?

Ford Motor Company (NYSE:F) is one of the top cheap stocks under $20 to buy now. On December 22, Evercore ISI lifted the price target on Ford Motor Company (NYSE:F) to $14 from $12 while keeping an In Line rating on the shares. The rating update reflects a positive outlook supported by a shift of focus on the US ICE/hybrid vehicles, along with higher F150 production.

Separately, Ford Motor Company (NYSE:F) announced on December 15 the next generation of the F-150 Lightning, which management called a truck engineered to “redefine” the abilities of an electric pickup. The next-generation F-150 Lightning leverages advanced Extended Range Electric Vehicle (EREV) technology to offer the instant and seamless power of an electric powertrain, along with the freedom of a generator-backed estimated range of more than 700 miles.

The F-150 Lightning EREV is 100% propelled by electric motors, differentiating it from a traditional hybrid and ensuring that the owners get the pure EV driving experience that includes rapid acceleration and quiet operation without the need for stopping and charging during long-distance towing. Ford Motor Company (NYSE:F) also stated that, similar to the current F-150 Lightning, the next-gen version would also offer exportable electricity capable of powering everything, ranging from work and camp sites to homes during a power outage.

Ford Motor Company (NYSE:F) manufactures, distributes, and sells automobiles. It operates through the following segments: Ford Blue, Ford Model E, Ford Pro, Ford Next, Ford Credit, and Corporate Other.

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.

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