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NVDA   387.70 (+0.68%)
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AMD   124.92 (+3.20%)
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AMC   4.77 (+1.92%)
PFE   38.97 (-0.31%)
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QQQ   354.50 (+0.38%)
AAPL   180.96 (+0.22%)
MSFT   326.79 (+0.47%)
META   264.95 (+0.14%)
GOOGL   122.23 (+0.07%)
AMZN   123.43 (-0.66%)
TSLA   244.40 (+4.06%)
NVDA   387.70 (+0.68%)
NIO   7.74 (-0.64%)
BABA   85.50 (-0.74%)
AMD   124.92 (+3.20%)
T   15.96 (-0.75%)
F   13.74 (+1.18%)
MU   65.43 (+0.17%)
CGC   0.68 (-1.45%)
GE   106.30 (+0.22%)
DIS   91.95 (-0.63%)
AMC   4.77 (+1.92%)
PFE   38.97 (-0.31%)
PYPL   63.49 (-1.17%)
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DOW   33,876.78 (+0.13%)
QQQ   354.50 (+0.38%)
AAPL   180.96 (+0.22%)
MSFT   326.79 (+0.47%)
META   264.95 (+0.14%)
GOOGL   122.23 (+0.07%)
AMZN   123.43 (-0.66%)
TSLA   244.40 (+4.06%)
NVDA   387.70 (+0.68%)
NIO   7.74 (-0.64%)
BABA   85.50 (-0.74%)
AMD   124.92 (+3.20%)
T   15.96 (-0.75%)
F   13.74 (+1.18%)
MU   65.43 (+0.17%)
CGC   0.68 (-1.45%)
GE   106.30 (+0.22%)
DIS   91.95 (-0.63%)
AMC   4.77 (+1.92%)
PFE   38.97 (-0.31%)
PYPL   63.49 (-1.17%)
NFLX   420.02 (+2.60%)
NYSE:RACE

Ferrari (RACE) Stock Forecast, Price & News

$297.73
-0.51 (-0.17%)
(As of 06/9/2023 ET)
Compare
Today's Range
$296.63
$298.90
50-Day Range
$270.55
$301.53
52-Week Range
$167.45
$302.86
Volume
263,089 shs
Average Volume
360,274 shs
Market Capitalization
N/A
P/E Ratio
52.51
Dividend Yield
N/A
Price Target
$265.40

Ferrari MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
10.9% Downside
$265.40 Price Target
Short Interest
Bearish
1.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.06mentions of Ferrari in the last 14 days
Based on 44 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.78%
From $6.53 to $7.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.31 out of 5 stars


RACE stock logo

About Ferrari (NYSE:RACE) Stock

Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

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RACE Stock News Headlines

Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
Uranium Prices Surge as Nuclear Energy Becomes Key
Renewed interest in uranium and rising prices have created a favorable environment for new projects.
Ferrari clocked at 178 mph on GA 400
See More Headlines

RACE Price History

RACE Company Calendar

Ex-Dividend for 5/5 Dividend
4/24/2023
Last Earnings
5/04/2023
Dividend Payable
5/05/2023
Today
6/09/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Fax
N/A
Employees
4,919
Year Founded
1947

Price Target and Rating

Average Stock Price Forecast
$265.40
High Stock Price Forecast
$365.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
-10.9%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
10 Analysts

Profitability

Net Income
$982.60 million
Pretax Margin
23.60%

Debt

Sales & Book Value

Annual Sales
$5.37 billion
Cash Flow
$8.56 per share
Book Value
$14.84 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Benedetto Vigna
    Chief Executive Officer & Executive Director
  • Antonio Picca Piccon
    Chief Financial Officer
  • Ernesto Lasalandra
    Chief Research & Development Officer
  • Davide Abate
    Chief Technology & Infrastructures Officer
  • Sabina Fasciolo
    Chief Compliance Officer













RACE Stock - Frequently Asked Questions

Should I buy or sell Ferrari stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RACE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RACE, but not buy additional shares or sell existing shares.
View RACE analyst ratings
or view top-rated stocks.

What is Ferrari's stock price forecast for 2023?

10 brokers have issued 1 year target prices for Ferrari's shares. Their RACE share price forecasts range from $180.00 to $365.00. On average, they expect the company's share price to reach $265.40 in the next year. This suggests that the stock has a possible downside of 11.0%.
View analysts price targets for RACE
or view top-rated stocks among Wall Street analysts.

How have RACE shares performed in 2023?

Ferrari's stock was trading at $214.22 at the beginning of the year. Since then, RACE stock has increased by 39.2% and is now trading at $298.18.
View the best growth stocks for 2023 here
.

Are investors shorting Ferrari?

Ferrari saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,940,000 shares, a drop of 19.8% from the April 15th total of 2,420,000 shares. Based on an average trading volume of 332,700 shares, the short-interest ratio is currently 5.8 days. Currently, 1.6% of the company's stock are sold short.
View Ferrari's Short Interest
.

When is Ferrari's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our RACE earnings forecast
.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) released its earnings results on Thursday, May, 4th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.17. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.47 billion. Ferrari had a trailing twelve-month return on equity of 39.25% and a net margin of 18.68%.

How often does Ferrari pay dividends? What is the dividend yield for Ferrari?

Ferrari declared an annual dividend on Tuesday, April 18th. Shareholders of record on Tuesday, April 25th will be paid a dividend of $1.9876 per share on Friday, May 5th. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, April 24th. This is an increase from the stock's previous annual dividend of $1.36.
Read our dividend analysis for RACE
.

What guidance has Ferrari issued on next quarter's earnings?

Ferrari issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $6.44-$6.65 for the period, compared to the consensus EPS estimate of $6.77. The company issued revenue guidance of $6.12 billion-$6.12 billion, compared to the consensus revenue estimate of $6.41 billion.

What other stocks do shareholders of Ferrari own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ferrari investors own include Alibaba Group (BABA), NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Netflix (NFLX), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Bank of America (BAC), Salesforce (CRM) and Walt Disney (DIS).

What is Ferrari's stock symbol?

Ferrari trades on the New York Stock Exchange (NYSE) under the ticker symbol "RACE."

Who are Ferrari's major shareholders?

Ferrari's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (0.00%), Price T Rowe Associates Inc. MD (3.73%), FMR LLC (0.00%), WCM Investment Management LLC (0.97%), JPMorgan Chase & Co. (0.00%) and Bank of New York Mellon Corp (0.00%).

How do I buy shares of Ferrari?

Shares of RACE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ferrari's stock price today?

One share of RACE stock can currently be purchased for approximately $298.18.

How many employees does Ferrari have?

The company employs 4,919 workers across the globe.

Does Ferrari have any subsidiaries?
The following companies are subsidiares of Ferrari: Ferrari (HK) Limited, Ferrari Australasia Pty Limited, Ferrari Central Europe GmbH (1), Ferrari Far East Pte Limited, Ferrari Financial Services Inc., Ferrari International Cars Trading (Shanghai) Co. L.t.d., Ferrari Japan KK, Ferrari Management Consulting (Shanghai) Co. L.t.d., Ferrari North America Inc., Ferrari S.p.A., Ferrari South West Europe S.a.r.l., G.S.A. S.A., and Mugello Circuit S.p.A..
Read More
How can I contact Ferrari?

Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The official website for the company is www.ferrari.com. The company can be reached via phone at 390536949111.

This page (NYSE:RACE) was last updated on 6/9/2023 by MarketBeat.com Staff

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