In a report released today, Harald Hendrikse from Citi maintained a Sell rating on Ferrari (RACE – Research Report), with a price target of €329.00. The company’s shares closed yesterday at $419.59.
According to TipRanks, Hendrikse is a 4-star analyst with an average return of 6.4% and a 51.00% success rate. Hendrikse covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Stellantis, and Mercedes-Benz Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ferrari with a $410.41 average price target.
The company has a one-year high of $442.80 and a one-year low of $266.88. Currently, Ferrari has an average volume of 320.5K.
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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.
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