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S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
The "King Of Quants" sees 10X potential... (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
The "King Of Quants" sees 10X potential... (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
The "King Of Quants" sees 10X potential... (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Many electric vehicles to lose big tax credit with new rules
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
The "King Of Quants" sees 10X potential... (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
The "King Of Quants" sees 10X potential... (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
The "King Of Quants" sees 10X potential... (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Many electric vehicles to lose big tax credit with new rules
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
The "King Of Quants" sees 10X potential... (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
The "King Of Quants" sees 10X potential... (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
The "King Of Quants" sees 10X potential... (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Many electric vehicles to lose big tax credit with new rules
NYSE:RACE

Ferrari - RACE Stock Forecast, Price & News

$270.94
+2.04 (+0.76%)
(As of 03/31/2023 12:00 AM ET)
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Compare
Today's Range
$270.19
$272.11
50-Day Range
$243.64
$271.45
52-Week Range
$167.45
$274.08
Volume
237,285 shs
Average Volume
370,689 shs
Market Capitalization
N/A
P/E Ratio
50.36
Dividend Yield
N/A
Price Target
$253.06

Ferrari MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
6.6% Downside
$253.06 Price Target
Short Interest
Bearish
1.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.16mentions of Ferrari in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.24%
From $6.42 to $7.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.35 out of 5 stars


RACE stock logo

About Ferrari (NYSE:RACE) Stock

Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

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RACE Stock News Headlines

Ferrari's (RACE) Overweight Rating Reaffirmed at Morgan Stanley
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Ferrari: Time To Look Beyond Formula One
Morgan Stanley Reaffirms Their Buy Rating on Ferrari (RACE)
CYBER INCIDENT IN FERRARI.
A first drive of the new Ferrari Purosangue
Morgan Stanley Has A New Favorite Carmaker
Can eFuels Save The Combustion Engine?
See More Headlines
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RACE Company Calendar

Last Earnings
2/02/2023
Today
3/31/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Fax
N/A
Employees
4,919
Year Founded
1947

Price Target and Rating

Average Stock Price Forecast
$253.06
High Stock Price Forecast
$330.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
-6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$982.60 million
Pretax Margin
23.11%

Debt

Sales & Book Value

Annual Sales
$5.37 billion
Cash Flow
$8.62 per share
Book Value
$14.84 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Benedetto Vigna
    Chief Executive Officer & Executive Director
  • Antonio Picca Piccon
    Chief Financial Officer
  • Ernesto Lasalandra
    Chief Research & Development Officer
  • Davide Abate
    Chief Technology & Infrastructures Officer
  • Sabina Fasciolo
    Chief Compliance Officer













RACE Stock - Frequently Asked Questions

Should I buy or sell Ferrari stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RACE shares.
View RACE analyst ratings
or view top-rated stocks.

What is Ferrari's stock price forecast for 2023?

11 analysts have issued 12 month target prices for Ferrari's stock. Their RACE share price forecasts range from $180.00 to $330.00. On average, they predict the company's stock price to reach $253.06 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for RACE
or view top-rated stocks among Wall Street analysts.

How have RACE shares performed in 2023?

Ferrari's stock was trading at $214.22 at the beginning of the year. Since then, RACE stock has increased by 26.5% and is now trading at $270.94.
View the best growth stocks for 2023 here
.

When is Ferrari's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our RACE earnings forecast
.

How were Ferrari's earnings last quarter?

Ferrari (NYSE:RACE) issued its quarterly earnings data on Thursday, February, 2nd. The company reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.01. The firm earned $1.40 billion during the quarter, compared to the consensus estimate of $1.35 billion. Ferrari had a net margin of 18.44% and a trailing twelve-month return on equity of 38.78%.

How often does Ferrari pay dividends? What is the dividend yield for Ferrari?

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

What guidance has Ferrari issued on next quarter's earnings?

Ferrari updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $6.12-$6.33 for the period, compared to the consensus EPS estimate of $6.43. The company issued revenue guidance of $5.82 billion-$5.82 billion, compared to the consensus revenue estimate of $6.02 billion.

What other stocks do shareholders of Ferrari own?

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).

What is Ferrari's stock symbol?

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

How do I buy shares of Ferrari?

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.
Compare Top Brokerages Here.

What is Ferrari's stock price today?

One share of RACE stock can currently be purchased for approximately $270.94.

How many employees does Ferrari have?

The company employs 4,919 workers across the globe.

Does Ferrari have any subsidiaries?
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..
Read More
How can I contact Ferrari?

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.

This page (NYSE:RACE) was last updated on 4/1/2023 by MarketBeat.com Staff