5 Best EV Stocks to Buy For Long Term Investment

2. Dana Incorporated (NYSE:DAN)

On April 14, 2026, UBS raised its price target on Dana Incorporated (NYSE:DAN) to $42 from $40 and maintained a Buy rating. The firm said valuations now appear more reasonable after becoming more cautious following Q4 results and 2026 guidance, which had highlighted limited upside and reliance on multiple expansion. UBS added that while demand concerns and potential production cuts could pressure sentiment and near-term margins may face inflationary cost headwinds, expectations have reset lower, meaning even modest downside revisions or credible guidance reiteration could be viewed positively by investors.

On March 29, 2026, Barclays raised its price target on Dana to $41 from $32 and maintained an Overweight rating as part of a broader update across the autos and mobility group ahead of Q1 earnings.

On March 24, 2026, Dana outlined its “Dana 2030” long-term plan, targeting approximately $10B in annual sales by 2030, representing a 33% increase from its 2026 guidance. The plan includes adjusted EBITDA margins of 14%–15%, implying a 400 basis point improvement driven by higher-margin new business, operational efficiencies, structural cost actions, and disciplined investments. The company also targets an adjusted free cash flow margin of around 6%, or about 200 basis points above 2026 guidance, and up to $2B in cumulative share repurchases through 2030, building on $765M already completed.

Dana Incorporated (NYSE:DAN) provides power and energy management solutions for vehicle applications globally.