Ferrari is perceived more as a luxury goods company than a c...
Ferrari is perceived more as a luxury goods company than a car maker, reflected in its stock trading patterns and high earnings multiple. Its projected 27% operating profit margin for 2024, significantly surpassing BMW and Mercedes, reinforces this view.
Ferrari Stock Races Higher on Earnings. It's a Luxury Brand, Not a Car Company. -- Barrons.com
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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