Key Highlights:
- Ferrari (RACE, Financial) plans a price increase of up to 10% on select U.S. models.
- Despite tariff pressures, Ferrari shares showed resilience by climbing in recent trading sessions.
- Analysts project a 12.02% upside for Ferrari with a one-year price target of $492.01.
Ferrari NV (NYSE: RACE) is making headlines as the luxury automaker announces a price adjustment on its U.S. models. This comes in response to tariff shifts that have prompted the company to utilize clauses in their contracts allowing for price increases. Prices are expected to rise by up to 10% on select models, a move that underscores Ferrari's strategic response to external economic pressures.
Interestingly, despite these adjustments, Ferrari's stock exhibited positive momentum. On Wednesday, shares rose 1.8%, with an additional increase of 0.5% observed in premarket trading on Thursday. This suggests investor confidence remains robust amidst these changes.
Analysts' Price Predictions
According to the consensus of 10 analysts, Ferrari NV (RACE, Financial) has an average price target of $492.01 over the next year. The range of estimates spans from a high of $580.47 to a low of $404.03. Notably, this average target suggests a potential 12.02% upside from the current stock price of $439.22. For a deeper dive into these projections, visit the Ferrari NV (RACE) Forecast page.
Brokerage Recommendations
Ferrari NV's (RACE, Financial) standing among brokerage firms remains strong, with an average recommendation rating of 2.4, signifying an "Outperform" status. This rating, derived from a survey of 11 brokerage firms, uses a scale where 1 represents a Strong Buy and 5 indicates a Sell. This implies that the majority of brokers recommend purchasing or holding Ferrari shares, reflecting a positive market sentiment.
GuruFocus Value Estimation
According to GuruFocus, the estimated GF Value for Ferrari NV (RACE, Financial) stands at $431.52 for one year from now, presenting a slight downside of 1.75% relative to the current price of $439.215. The GF Value is calculated based on historical trading multiples, past business growth, and future performance estimates. Investors can explore more insights and data on the Ferrari NV (RACE) Summary page.
As Ferrari navigates these economic adjustments, it remains a focal point for investors, particularly given its resilience and strategic maneuvering in the face of tariffs. This adaptability and market presence continue to make it a noteworthy consideration for investors seeking opportunities in the luxury automotive sector.
