Analyst Elizabelle Pang from DBS maintained a Buy rating on Ferrari (RACE – Research Report) and keeping the price target at €485.00.
Elizabelle Pang’s rating is based on Ferrari’s impressive financial performance and strategic initiatives. The company reported a significant earnings beat in the fourth quarter of 2024, with adjusted EPS and EBIT margins surpassing expectations, demonstrating strong pricing resilience despite a challenging economic environment. This robust performance, coupled with Ferrari’s premium brand positioning and high margins, supports the Buy rating.
Furthermore, the anticipated launch of Ferrari’s first electric supercar in October 2025 is seen as a major catalyst for future growth. The company’s strong order book, ongoing product launches, and share buyback program further enhance earnings visibility and investor confidence. These factors, along with Ferrari’s strategic positioning in the luxury automotive market, justify the Buy recommendation with a target price of EUR485.
In another report released on March 4, Bank of America Securities also maintained a Buy rating on the stock with a $575.00 price target.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.