Ferrari (RACE) Stock Forecast, Price & News

9 Wall Street 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 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 brokerages have issued 12-month price objectives for Ferrari's shares. Their RACE share price forecasts range from $230.60 to $380.00. On average, they expect the company's stock price to reach $308.73 in the next twelve months. This suggests a possible upside of 7.4% 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 34.2% and is now trading at $287.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our RACE earnings forecast.

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

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 yield of 0.5%. The ex-dividend date of this dividend is Monday, April 24th. This is a positive change from the stock's previous annual dividend of $1.36.
Read our dividend analysis for RACE.

Ferrari (NYSE:RACE) pays an annual dividend of $0.51 per share and currently has a dividend yield of 0.00%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RACE will have a dividend payout ratio of 6.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RACE.

Ferrari issued an update on 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 earnings per share 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."

Ferrari's stock is owned by a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (0.00%), Bank of Italy (0.00%), WCM Investment Management LLC (0.00%), Bank of New York Mellon Corp (0.00%), Alliancebernstein L.P. (0.00%) and Capital Research Global Investors (0.00%).

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 $287.56.

Ferrari (NYSE:RACE) has a market capitalization of $53.13 billion and generates $5.52 billion in revenue each year. The company earns $982.60 million in net income (profit) each year or $6.21 on an earnings per share basis.

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.