Ferrari N.V. (NYSE:RACE) Receives $470.70 Average Price Target from Analysts

Ferrari N.V. (NYSE:RACE) has been given an average rating of “Moderate Buy” by the seventeen analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $470.6973.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Ferrari from $407.00 to $447.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Jefferies Financial Group raised Ferrari from a “hold” rating to a “buy” rating in a report on Tuesday, March 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of Ferrari in a report on Tuesday, June 2nd. Morgan Stanley raised Ferrari from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $388.00 to $438.00 in a report on Monday, June 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ferrari in a report on Friday, April 10th.

Ferrari Stock Performance

Shares of NYSE RACE opened at $345.17 on Wednesday. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $347.58 and a 200-day simple moving average of $352.56. The company has a market cap of $80.75 billion, a PE ratio of 33.12, a P/E/G ratio of 3.32 and a beta of 0.93. Ferrari has a 12-month low of $312.51 and a 12-month high of $519.10.

Institutional Investors Weigh In On Ferrari

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new stake in Ferrari during the fourth quarter worth approximately $29,000. Community Bank N.A. bought a new stake in Ferrari during the third quarter worth approximately $33,000. Entrust Financial LLC bought a new stake in Ferrari during the fourth quarter worth approximately $33,000. Bellevue Asset Management LLC bought a new position in shares of Ferrari in the first quarter valued at $34,000. Finally, Bamco Inc. NY increased its holdings in shares of Ferrari by 790.9% in the fourth quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after buying an additional 87 shares in the last quarter.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Ferrari announced a new Chief Marketing & Commercial Officer, appointing former BMW Italy CEO Massimiliano Di Silvestre. Investors may view the hire as a sign Ferrari is strengthening its commercial strategy after the Luce EV launch. Ferrari names new marketing chief after Luce EV debut
• Positive Sentiment: Ferrari also disclosed continued share repurchases under its multi-year buyback program, which can support earnings per share and signal confidence in the company’s cash generation. Ferrari Details June Share Buybacks Under €3.5 Billion Program
• Positive Sentiment: Positive racing coverage around Lewis Hamilton’s Barcelona win and Ferrari’s broader F1 momentum could lift sentiment, since Ferrari’s brand is closely tied to Formula 1 success. Why Hamilton’s Barcelona win was exactly what he and Ferrari – and maybe Leclerc – needed
• Neutral Sentiment: Ferrari Challenge podium results at Le Mans and Laguna Seca are supportive for brand visibility, but likely have limited direct impact on the stock. Carl Moon Claims First Ferrari Challenge Podium at Le Mans
• Neutral Sentiment: Articles about Ferrari team-orders controversy, Charles Leclerc’s new deal, and race strategy debates are mostly motorsport headlines; they may affect brand buzz, but the market impact is likely modest. The Ferrari team orders scandal in Austria that embarrassed Formula One
• Negative Sentiment: Some F1 coverage highlights internal tension and scrutiny around Ferrari’s racing performance, which could weigh slightly on sentiment if investors view it as a sign of execution issues in a brand-critical franchise. Montoya signals race that could define Hamilton’s Ferrari title challenge

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.