Ferrari (RACE) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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.

9 brokers have issued 12-month price targets for Ferrari's stock. Their RACE share price forecasts range from $230.60 to $380.00. On average, they predict the company's stock price to reach $308.73 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price.
View analysts price targets for RACE or view top-rated stocks among Wall Street analysts.

Ferrari's stock was trading at $214.22 at the beginning of 2023. Since then, RACE shares have increased by 39.9% and is now trading at $299.59.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our RACE earnings forecast.

Ferrari (NYSE:RACE) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.22. The company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Ferrari had a net margin of 19.60% and a trailing twelve-month return on equity of 40.70%.

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

Ferrari updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $6.81-$6.98 for the period, compared to the consensus estimate of $7.04. The company issued revenue guidance of $6.32 billion-$6.32 billion, compared to the consensus revenue estimate of $6.44 billion.

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).

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

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.
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One share of RACE stock can currently be purchased for approximately $299.59.

The company employs 4,919 workers across the globe.

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.