Ford, Tesla And Other Big Auto Stocks From Benzinga's Most Accurate Analysts

US stocks closed sharply lower on Monday, with the consumer discretionary sector recording the biggest drop. Automobile stocks were among the top losers in the sector, dropping more than 5% in the previous session.

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Here's a look at some of the top auto stocks from several analysts, according to Benzinga Analyst Stock Ratings.

Ford Motor Company F

• Citigroup’s analyst Itay Michaeli maintained a Neutral rating on the company's stock on November 30, 2022, and raised the price target from $13 to $14.
• Michaeli sees over 4% upside in the stock and has an accuracy rate of 53%.
• Morgan Stanley’s analyst Adam Jonas reiterated an Overweight rating on the company's stock on October 28, 2022, and increased the price target from $14 to $15. Jonas predicts the stock rising around 12% and has an accuracy rate of 57%.
• Recent News: Ford Motor reported a 7.8% decline in U.S. sales for the month of November to 146,364 units.

General Motors Company GM

• Morgan Stanley’s analyst Adam Jonas maintained an Equal-Weight rating on the company’s stock on October 26, 2022, and raised the price target from $30 to $32. Jonas sees around 17% drop in the company’s stock and has an accuracy rate of 57%.
• Deutsche Bank’s analyst Emmanuel Rosner maintained a Hold rating on the company’s stock on October 26, 2022, but cut the price target from $36 to $35. Rosner sees around 10% decline in GM’s stock and has an accuracy rate of 71%.
• Recent News: Ultium Cells LLC, the battery cell manufacturing joint venture of General Motors and LG Energy Solution, is investing an additional $275 million in the Ultium Cells Spring Hill plant.
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Tesla, Inc. TSLA

• Citigroup’s analyst Itay Michaeli upgraded the company’s stock from Sell to Neutral on November 23, 2022, and raised the price target from $141.33 to $176. This analyst sees over 3% decline in the stock and has an accuracy rate of just 53%.
• Morgan Stanley’s analyst Adam Jonas maintained an Overweight rating on October 25, 2022, but lowered the price target from $350 to $330. Jonas sees the stock rising over 80%, and has an accuracy rate of 57%.
• Recent News: Tesla shares dropped on Monday following reports suggesting the company plans to cut production at its Shanghai factory due to slowing demand.

Ferrari N.V. RACE

• Morgan Stanley’s analyst Adam Jonas reiterated an Overweight rating on the company’s stock on November 3, 2022, but slashed the price target from $300 to $280. This analyst sees over 25% rise in the stock and has an accuracy rate of 57%.
• UBS analyst Susy Tibaldi maintained a Buy rating on August 3, 2022, and raised the price target from $255 to $270. Tibaldi sees the stock rising over 20%, and has an accuracy rate of 61%.
• Recent News: Ferrari recently reported third-quarter FY22 sales growth of 18.7% year-on-year to €1.25 billion.