Ferrari Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Ferrari stock. 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 analyst ratings for Ferrari or view top-rated stocks.

Wall Street analysts have given Ferrari a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ferrari wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Ferrari is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Ferrari.

Ferrari (NYSE:RACE) announced its earnings results on Tuesday, May, 4th. The company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.33 by $0.22. The firm earned $1.01 billion during the quarter, compared to analyst estimates of $1.04 billion. Ferrari had a net margin of 18.52% and a trailing twelve-month return on equity of 35.60%. The firm's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS.
View Ferrari's earnings history.

Ferrari's stock was trading at $143.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RACE stock has increased by 43.5% and is now trading at $205.28.
View which stocks have been most impacted by COVID-19.

Ferrari declared an annual dividend on Friday, April 16th. Shareholders of record on Tuesday, April 20th will be paid a dividend of $1.0445 per share on Wednesday, May 5th. This represents a yield of 0.5%. The ex-dividend date of this dividend is Monday, April 19th.
View Ferrari's dividend history.

Ferrari updated its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share guidance of 4.824-5.065 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.990. The company issued revenue guidance of $5.19 billion-$5.19 billion, compared to the consensus revenue estimate of $5.16 billion.

16 equities research analysts have issued 12 month price objectives for Ferrari's shares. Their forecasts range from $198.00 to $270.00. On average, they anticipate Ferrari's share price to reach $237.00 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
View analysts' price targets for Ferrari or view top-rated stocks among Wall Street analysts.

Some companies that are related to Ferrari include Daimler (DDAIF), General Motors (GM), NIO (NIO), Ford Motor (F), Honda Motor (HMC), AB Volvo (publ) (VLVLY), Stellantis (STLA), XPeng (XPEV), PACCAR (PCAR), Geely Automobile (GELYY), Li Auto (LI), Stellantis (PUGOY), Nissan Motor (NSANY), Hyundai Motor (HYMLF) and Subaru (FUJHY).
View all of RACE's competitors.

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

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

Ferrari's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (6.56%), Price T Rowe Associates Inc. MD (5.01%), Bank of Italy (1.11%), Amundi Asset Management US Inc. (0.94%), WCM Investment Management LLC (0.89%) and JPMorgan Chase & Co. (0.66%).

RACE stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Bank of Montreal Can, AKO Capital LLP, Barclays PLC, BlackRock Inc., Third Point LLC, Allianz Asset Management GmbH, and Sei Investments Co..

RACE stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, JPMorgan Chase & Co., Melvin Capital Management LP, Arrowstreet Capital Limited Partnership, Baillie Gifford & Co., WCM Investment Management LLC, Clal Insurance Enterprises Holdings Ltd, and Scopus Asset Management L.P..

Shares of RACE 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.

One share of RACE stock can currently be purchased for approximately $205.28.

Ferrari has a market capitalization of $37.93 billion and generates $3.95 billion in revenue each year. The company earns $694.31 million in net income (profit) each year or $3.29 on an earnings per share basis.

Ferrari employs 4,556 workers across the globe.

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..

Ferrari was founded in 1947.

The official website for Ferrari is www.ferrari.com.

Ferrari is headquartered at VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053.

Ferrari's mailing address is VIA ABETONE INFERIORE N. 4, MARANELLO L6, I-41053. The company can be reached via phone at 39-05-3694-9111.