Ford accomplished this largely thanks to a leadership change in October 2020 from industry outsider Jim Hackett to auto veteran Jim Farley.
Summary
- In this article FThe all-electric Ford F-150 Lightning truck during an augmented reality presentation at the Motor Bella Auto Show in Pontiac, Michigan, on Tuesday, Sept. 21, 2021.
- He told CNBC the day before that the company halted reservations of the F-150 Lightning after they hit 200,000 units.
- Shares that day jumped 9.6% to a roughly 20-year high of $21.45 a share.
- Since Farley took the helm more than 15 months ago, the stock is up by more than 200%.
- Ford is rated overweight with a price target of $20.25 a share and a long-term growth rate of 67.8%, according to an average of 22 analysts compiled by FactSet.