Legacy automaker Ford (NYSE:F) seems to be having some issues lately. Earlier today, we talked about how it was staging a recall. Now, there’s word that the National Transportation Safety Board (NTSB) is looking into a March incident near Philadelphia where a Ford electric vehicle collided with two cars on Interstate 95, resulting in two fatalities. It’s suspected that the vehicle was using the firm’s semi-automated driving system.
This Philadelphia crash marks the second investigation by the NTSB this year into an incident involving a Mustang Mach E, following another in February in San Antonio, Texas, which also led to a fatality. These crashes highlight the difficulties associated with creating a semi-autonomous driving system, and the potential risks.
Ford said it is working closely with the NTSB and the National Highway Traffic Safety Administration (NHTSA) to piece together what happened.
What Is the Target Price for Ford Stock?
Turning to Wall Street, analysts have a Hold consensus rating on Ford stock based on five Buys, six Holds, and four Sells assigned in the past three months, as indicated by the graphic below. After an 8% rally in its share price over the past year, the average Ford price target of $13.63 per share implies 4.36% upside potential.
