Ferrari (RACE – Research Report) received a Hold rating and a €400.00 price target from Barclays analyst Henning Cosman today. The company’s shares closed yesterday at $419.51.
According to TipRanks, Cosman is a 3-star analyst with an average return of 2.3% and a 47.89% success rate. Cosman covers the Consumer Cyclical sector, focusing on stocks such as Mercedes-Benz Group, Stellantis, and Ferrari.
In addition to Barclays, Ferrari also received a Hold from Goldman Sachs’s George Galliers in a report issued yesterday. However, on the same day, Bernstein maintained a Buy rating on Ferrari (NYSE: RACE).
The company has a one-year high of $442.80 and a one-year low of $267.57. Currently, Ferrari has an average volume of 321K.
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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.
Read More on RACE:
- Jefferies says ‘soft start’ to FY24 for Ferrari after call with IR team
- Ferrari Ramps Up Multi-Year Share Buyback Plan
- FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
- At 51.8x Forward Earnings, Can Ferrari Stock (NYSE:RACE) Keep Rising?
- Ferrari price target raised to EUR 463 from EUR 380 at RBC Capital
