RBC Capital analyst Piral Dadhania maintained a Buy rating on Ferrari (RACE – Research Report) today and set a price target of €463.00. The company’s shares opened today at $437.48.
According to TipRanks, Dadhania is an analyst with an average return of -4.1% and a 39.94% success rate. Dadhania covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, Nike, and The Swatch Group.
Ferrari has an analyst consensus of Moderate Buy, with a price target consensus of $420.07.
RACE market cap is currently $107.1B and has a P/E ratio of 58.64.
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Ferrari (RACE) Company Description:
Italy-based Ferrari NV designs, manufactures and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; Fuori series, one-off, and track cars; and Icona cars. It also provides non-registered racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. It participates in car racing such as Formula One.
