In a report released today, Tom Narayan from RBC Capital maintained a Buy rating on Ferrari (RACE – Research Report), with a price target of €463.00. The company’s shares opened today at $424.54.
According to TipRanks, Narayan is a 4-star analyst with an average return of 8.0% and a 55.87% success rate. Narayan covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Tesla, and Mercedes-Benz Group.
Ferrari has an analyst consensus of Moderate Buy, with a price target consensus of $414.01, which is a -2.48% downside from current levels. In a report released on April 3, Bernstein also maintained a Buy rating on the stock with a $448.00 price target.
The company has a one-year high of $442.80 and a one-year low of $268.15. 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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