Ferrari NV has a consensus price target of $423.58 based on the ratings of 15 analysts. The high is $565 issued by Evercore ISI Group on October 22, 2024. The low is $283 issued by Goldman Sachs on April 6, 2023. The 3 most-recent analyst ratings were released by UBS, Evercore ISI Group, and JP Morgan on November 6, 2024, October 22, 2024, and October 11, 2024, respectively. With an average price target of $534.33 between UBS, Evercore ISI Group, and JP Morgan, there's an implied 26.33% upside for Ferrari NV from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ferrari (NYSE:RACE) was reported by UBS on November 6, 2024. The analyst firm set a price target for $513.00 expecting RACE to rise to within 12 months (a possible 21.29% upside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Ferrari (NYSE:RACE) was provided by UBS, and Ferrari maintained their buy rating.
The last upgrade for Ferrari NV happened on October 11, 2024 when JP Morgan raised their price target to $525. JP Morgan previously had a neutral for Ferrari NV.
The last downgrade for Ferrari NV happened on April 4, 2024 when Barclays changed their price target from N/A to N/A for Ferrari NV.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ferrari, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ferrari was filed on November 6, 2024 so you should expect the next rating to be made available sometime around November 6, 2025.
While ratings are subjective and will change, the latest Ferrari (RACE) rating was a maintained with a price target of $478.00 to $513.00. The current price Ferrari (RACE) is trading at is $422.96, which is out of the analyst’s predicted range.
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