Ferrari (RACE) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last twelve months. There are currently 6 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.

10 Wall Street analysts have issued 1 year target prices for Ferrari's shares. Their RACE share price forecasts range from $180.00 to $365.00. On average, they expect the company's stock price to reach $265.40 in the next year. This suggests that the stock has a possible downside of 10.9%.
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 the year. Since then, RACE shares have increased by 39.0% and is now trading at $297.73.
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Ferrari saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,940,000 shares, a decline of 19.8% from the April 15th total of 2,420,000 shares. Based on an average daily trading volume, of 332,700 shares, the days-to-cover ratio is presently 5.8 days. Approximately 1.6% of the shares of the stock are sold short.
View Ferrari's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our RACE earnings forecast.

Ferrari (NYSE:RACE) announced its quarterly earnings results on Thursday, May, 4th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.17. The company earned $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. Ferrari had a net margin of 18.68% and a trailing twelve-month return on equity of 39.25%.

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 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 issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $6.44-$6.65 for the period, compared to the consensus EPS estimate of $6.77. The company issued revenue guidance of $6.12 billion-$6.12 billion, compared to the consensus revenue estimate of $6.41 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 variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (0.00%), Price T Rowe Associates Inc. MD (3.73%), FMR LLC (0.00%), WCM Investment Management LLC (0.97%), JPMorgan Chase & Co. (0.00%) and Bank of New York Mellon Corp (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 $297.73.

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.