Ferrari - RACE 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 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RACE shares.
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16 Wall Street analysts have issued 1 year price targets for Ferrari's stock. Their RACE share price forecasts range from $140.00 to $300.00. On average, they expect the company's stock price to reach $237.00 in the next twelve months. This suggests a possible upside of 9.8% 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 $258.82 at the beginning of 2022. Since then, RACE shares have decreased by 16.6% and is now trading at $215.81.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our RACE earnings forecast.

Ferrari (NYSE:RACE) issued its quarterly earnings data on Tuesday, November, 2nd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.04. The firm earned $1.24 billion during the quarter, compared to analysts' expectations of $1.26 billion. Ferrari had a net margin of 19.35% and a trailing twelve-month return on equity of 40.61%. During the same period last year, the firm earned $1.08 earnings per share.

Ferrari announced an annual dividend on Thursday, April 14th. Stockholders of record on Wednesday, April 20th will be given a dividend of $1.362 per share on Friday, May 6th. This represents a yield of 0.66%. The ex-dividend date is Tuesday, April 19th.
Read our dividend analysis for RACE.

Ferrari issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $5.12-$5.22 for the period. The company issued revenue guidance of $5.22 billion-$5.22 billion, compared to the consensus revenue estimate of $4.80 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 investors include Baillie Gifford & Co. (5.36%), FMR LLC (1.47%), WCM Investment Management LLC (1.12%), AustralianSuper Pty Ltd (0.56%), AKO Capital LLP (0.52%) and Pictet Asset Management SA (0.38%).

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 $215.81.

Ferrari (NYSE:RACE) has a market capitalization of $39.87 billion and generates $5.05 billion in revenue each year. The company earns $982.88 million in net income (profit) each year or $5.54 on an earnings per share basis.

The company employs 4,609 workers across the globe.

Ferrari was founded in 1947.

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.