Ferrari - RACE Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RACE shares.
View RACE analyst ratings or view top-rated stocks.

11 Wall Street analysts have issued 12 month price targets for Ferrari's stock. Their RACE share price forecasts range from $140.00 to $285.00. On average, they predict the company's stock price to reach $228.89 in the next year. This suggests a possible upside of 4.1% 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 on January 1st, 2022. Since then, RACE stock has decreased by 15.1% and is now trading at $219.80.
View the best growth stocks for 2022 here.

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

Ferrari (NYSE:RACE) posted its earnings results on Wednesday, November, 2nd. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.10. The company earned $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Ferrari had a trailing twelve-month return on equity of 40.02% and a net margin of 19.00%.

Ferrari declared 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 dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, April 19th.
Read our dividend analysis for RACE.

Ferrari updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $5.04-$5.04 for the period, compared to the consensus earnings per share estimate of $4.85. The company issued revenue guidance of $5.04 billion-$5.04 billion, compared to the consensus revenue estimate of $4.91 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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (4.97%), Price T Rowe Associates Inc. MD (4.38%), Vanguard Group Inc. (2.32%), WCM Investment Management LLC (1.07%), BlackRock Inc. (0.79%) and AXA S.A. (0.61%).

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.

One share of RACE stock can currently be purchased for approximately $219.80.

Ferrari (NYSE:RACE) has a market capitalization of $40.61 billion and generates $5.05 billion in revenue each year. The company earns $982.88 million in net income (profit) each year or $5.47 on an earnings per share basis.

The company employs 4,609 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.