Ferrari (RACE) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. 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 analysts have issued twelve-month price targets 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 year. This suggests a possible upside of 8.2% 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 start of the year. Since then, RACE stock has increased by 33.1% and is now trading at $285.23.
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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) announced its earnings results on Wednesday, August, 2nd. The company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.22. The firm earned $1.60 billion during the quarter, compared to analysts' expectations of $1.58 billion. Ferrari had a trailing twelve-month return on equity of 40.70% and a net margin of 19.60%.

Ferrari declared 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 an increase from the stock's previous annual dividend of $1.36.
Read our dividend analysis for RACE.

Ferrari issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (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."

Ferrari's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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 $285.23.

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.