Ferrari (RACE) Stock Forecast, Price Target & Predictions
RACE Stock Forecast
Ferrari stock forecast is as follows: an average price target of $376.17 (represents a -19.81% downside from RACE’s last price of $469.09) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
RACE Price Target
The average price target for Ferrari (RACE) is $376.17 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $520.00 to $256.00. This represents a potential -19.81% downside from RACE's last price of $469.09.
RACE Analyst Ratings
According to 11 Wall Street analysts, Ferrari's rating consensus is 'Buy'. The analyst rating breakdown for RACE stock is 1 'Strong Buy' (9.09%), 5 'Buy' (45.45%), 2 'Hold' (18.18%), 3 'Sell' (27.27%), and 0 'Strong Sell' (0.00%).
Ferrari Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | Adam Jonas | Morgan Stanley | $520.00 | $488.30 | 6.49% | 10.85% |
| Jun 24, 2024 | Robert Krankowski | UBS | $478.00 | $422.10 | 13.24% | 1.90% |
| May 22, 2024 | Adam Jonas | Morgan Stanley | $400.00 | $417.96 | -4.30% | -14.73% |
| May 10, 2024 | James Grzinic | Jefferies | $403.00 | $407.43 | -1.09% | -14.09% |
| May 07, 2024 | Philippe Houchols | Jefferies | $408.00 | $427.66 | -4.60% | -13.02% |
| Feb 03, 2023 | - | Credit Suisse | $310.00 | $260.40 | 19.05% | -33.91% |
| Aug 03, 2022 | - | UBS | $270.00 | $212.01 | 27.35% | -42.44% |
| Jul 04, 2022 | Philippe Houchois | Jefferies | $180.00 | $187.94 | -4.22% | -61.63% |
| Apr 09, 2022 | Susy Tibaldi | UBS | $263.00 | $219.51 | 19.81% | -43.93% |
| Nov 03, 2021 | Stephen Reitman | Societe Generale | $290.00 | $255.68 | 13.42% | -38.18% |
The latest Ferrari stock forecast, released on Aug 27, 2024 by Adam Jonas from Morgan Stanley, set a price target of $520.00, which represents a 6.49% increase from the stock price at the time of the forecast ($488.30), and a 10.85% increase from RACE last price ($469.09).
Ferrari Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 5 |
| Avg Price Target | $520.00 | $499.00 | $441.80 |
| Last Closing Price | $469.09 | $469.09 | $469.09 |
| Upside/Downside | 10.85% | 6.38% | -5.82% |
In the current month, the average price target of Ferrari stock is $520.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 10.85% increase as opposed to Ferrari's last price of $469.09. This month's average price target is up 4.21% compared to last quarter, and up 17.70% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 09, 2024 | Citigroup | Sell | Sell | Hold |
| Aug 27, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Aug 02, 2024 | Barclays | - | Overweight | Upgrade |
| Jun 24, 2024 | UBS | Buy | Buy | Hold |
| May 22, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| May 13, 2024 | RBC Capital | Outperform | Outperform | Hold |
| May 07, 2024 | Jefferies | Hold | Hold | Hold |
| Dec 13, 2023 | HSBC | Buy | Negative | Upgrade |
| Aug 25, 2023 | Jefferies | Hold | Hold | Hold |
| May 05, 2023 | CFRA | Buy | Strong Buy | Upgrade |
Ferrari's last stock rating was published by Citigroup on Sep 09, 2024. The company gave RACE a "Sell" rating, the same as its previous rate.
Ferrari Financial Forecast
Ferrari Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.43B | $1.37B | $1.25B | $1.29B | $1.19B | $1.17B | $1.05B | $1.03B | $1.01B | $1.07B | $887.97M | $570.81M | $932.20M | $927.64M | $915.31M |
| Avg Forecast | $2.10B | $2.10B | $2.10B | $2.10B | $1.98B | $1.99B | $2.01B | $1.93B | $1.85B | $1.83B | $1.74B | $1.68B | $1.67B | $1.56B | $1.61B | $1.50B | $1.38B | $1.17B | $1.28B | $1.30B | $1.34B | $1.24B | $1.24B | $1.21B | $1.28B | $1.05B | $662.91M | $1.02B | $1.03B | $963.90M |
| High Forecast | $2.13B | $2.13B | $2.13B | $2.13B | $2.02B | $2.02B | $2.04B | $1.96B | $1.88B | $1.85B | $1.77B | $1.71B | $1.71B | $1.70B | $1.64B | $1.52B | $1.40B | $1.19B | $1.28B | $1.39B | $1.43B | $1.33B | $1.32B | $1.30B | $1.36B | $1.12B | $707.85M | $1.09B | $1.10B | $1.03B |
| Low Forecast | $2.07B | $2.07B | $2.07B | $2.07B | $1.96B | $1.96B | $1.99B | $1.91B | $1.83B | $1.81B | $1.72B | $1.66B | $1.62B | $1.48B | $1.59B | $1.48B | $1.36B | $1.16B | $1.28B | $1.24B | $1.28B | $1.18B | $1.17B | $1.15B | $1.21B | $995.72M | $630.38M | $968.73M | $980.80M | $916.60M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 2 | 9 | 6 | 4 | 3 | 7 | 5 | 1 | 2 | 2 | 2 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.99% | 1.07% | 1.01% | 0.91% | 0.87% | 0.85% | 0.84% | 0.83% | 0.84% | 0.85% | 0.86% | 0.92% | 0.90% | 0.95% |
Ferrari's average Quarter revenue forecast for Jun 23 based on 6 analysts is $1.61B, with a low forecast of $1.59B, and a high forecast of $1.64B. RACE's average Quarter revenue forecast represents a 12.69% increase compared to the company's last Quarter revenue of $1.43B (Mar 23).
Ferrari EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 2 | 9 | 6 | 4 | 3 | 7 | 5 | 1 | 2 | 2 | 2 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $571.13M | $402.35M | $461.57M | $473.70M | $440.57M | $375.11M | $380.12M | $396.17M | $385.21M | $347.24M | $339.79M | $129.99M | $326.87M | $306.89M | $322.18M |
| Avg Forecast | $740.69M | $740.30M | $741.08M | $740.69M | $700.34M | $701.91M | $709.33M | $681.98M | $653.85M | $645.07M | $615.34M | $505.45M | $588.85M | $550.96M | $568.25M | $459.50M | $486.06M | $323.43M | $449.99M | $417.73M | $260.90M | $294.03M | $346.01M | $370.10M | $227.94M | $302.55M | $181.31M | $337.66M | $351.85M | $306.14M |
| High Forecast | $752.18M | $751.78M | $752.58M | $752.18M | $711.21M | $712.80M | $720.34M | $692.56M | $663.99M | $652.32M | $624.89M | $606.54M | $603.48M | $600.06M | $577.07M | $551.40M | $493.60M | $388.12M | $449.99M | $501.27M | $313.08M | $352.83M | $415.21M | $444.11M | $273.53M | $363.07M | $217.57M | $405.19M | $422.21M | $367.37M |
| Low Forecast | $731.46M | $731.08M | $731.85M | $731.46M | $691.62M | $693.16M | $700.50M | $673.48M | $645.70M | $637.82M | $607.68M | $404.36M | $570.56M | $522.41M | $561.18M | $367.60M | $480.01M | $258.74M | $449.99M | $334.18M | $208.72M | $235.22M | $276.81M | $296.08M | $182.35M | $242.04M | $145.05M | $270.13M | $281.48M | $244.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | 0.83% | 1.43% | 1.05% | 1.05% | 1.44% | 1.29% | 1.14% | 1.04% | 1.52% | 1.12% | 0.72% | 0.97% | 0.87% | 1.05% |
6 analysts predict RACE's average Quarter EBITDA for Jun 23 to be $568.25M, with a high of $577.07M and a low of $561.18M. This is -0.50% lower than Ferrari's previous annual EBITDA (Mar 23) of $571.13M.
Ferrari Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 2 | 9 | 6 | 4 | 3 | 7 | 5 | 1 | 2 | 2 | 2 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $295.53M | $219.86M | $225.77M | $249.01M | $237.97M | $214.55M | $205.78M | $205.81M | $204.92M | $262.12M | $170.75M | $8.94M | $166.00M | $167.57M | $167.85M |
| Avg Forecast | $456.89M | $455.78M | $458.02M | $456.89M | $437.30M | $426.95M | $478.24M | $430.65M | $380.80M | $398.59M | $392.86M | $273.90M | $293.56M | $306.98M | $340.81M | $249.00M | $231.78M | $175.58M | $239.74M | $226.36M | $149.14M | $159.62M | $179.87M | $197.26M | $172.25M | $152.23M | $12.52M | $171.36M | $181.25M | $160.04M |
| High Forecast | $466.11M | $464.97M | $467.25M | $466.11M | $446.12M | $435.56M | $487.89M | $439.33M | $388.48M | $411.81M | $400.78M | $328.68M | $350.38M | $330.74M | $347.69M | $298.80M | $236.45M | $210.70M | $239.74M | $271.63M | $178.97M | $191.55M | $215.84M | $236.71M | $206.70M | $182.68M | $15.02M | $205.63M | $217.50M | $192.05M |
| Low Forecast | $449.50M | $448.40M | $450.60M | $449.50M | $430.22M | $420.04M | $470.50M | $423.68M | $374.63M | $392.92M | $386.50M | $219.12M | $261.37M | $281.40M | $335.30M | $199.20M | $228.03M | $140.47M | $239.74M | $181.09M | $119.31M | $127.70M | $143.89M | $157.81M | $137.80M | $121.79M | $10.02M | $137.09M | $145.00M | $128.04M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 0.95% | 1.29% | 1.04% | 1.05% | 1.44% | 1.29% | 1.14% | 1.04% | 1.52% | 1.12% | 0.71% | 0.97% | 0.92% | 1.05% |
Ferrari's average Quarter net income forecast for Jun 23 is $340.81M, with a range of $335.30M to $347.69M. RACE's average Quarter net income forecast represents a 15.32% increase compared to the company's last Quarter net income of $295.53M (Mar 23).
Ferrari SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 2 | 9 | 6 | 4 | 3 | 7 | 5 | 1 | 2 | 2 | 2 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $114.07M | $128.24M | $106.29M | $103.48M | $89.96M | $113.09M | $82.34M | $80.98M | $71.61M | $102.27M | $76.75M | $78.11M | $79.00M | $87.75M | $96.15M |
| Avg Forecast | $181.05M | $180.96M | $181.15M | $181.05M | $171.19M | $171.57M | $173.39M | $166.70M | $159.83M | $157.68M | $150.41M | $103.55M | $143.94M | $134.68M | $138.90M | $94.13M | $118.81M | $70.26M | $110.00M | $85.58M | $78.72M | $63.87M | $70.78M | $68.93M | $67.21M | $68.42M | $109.35M | $81.55M | $94.92M | $91.68M |
| High Forecast | $183.86M | $183.77M | $183.96M | $183.86M | $173.85M | $174.24M | $176.08M | $169.29M | $162.31M | $159.45M | $152.75M | $124.26M | $147.51M | $146.68M | $141.06M | $112.96M | $120.66M | $84.31M | $110.00M | $102.69M | $94.46M | $76.65M | $84.93M | $82.72M | $80.65M | $82.11M | $131.22M | $97.86M | $113.90M | $110.02M |
| Low Forecast | $178.80M | $178.71M | $178.89M | $178.80M | $169.06M | $169.44M | $171.23M | $164.63M | $157.84M | $155.91M | $148.54M | $82.84M | $139.47M | $127.70M | $137.18M | $75.31M | $117.33M | $56.21M | $110.00M | $68.46M | $62.98M | $51.10M | $56.62M | $55.15M | $53.77M | $54.74M | $87.48M | $65.24M | $75.93M | $73.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | 1.08% | 1.51% | 0.94% | 1.05% | 1.44% | 1.29% | 1.14% | 1.04% | 1.52% | 1.12% | 0.71% | 0.97% | 0.92% | 1.05% |
Ferrari's average Quarter SG&A projection for Jun 23 is $138.90M, based on 6 Wall Street analysts, with a range of $137.18M to $141.06M. The forecast indicates a 21.77% rise compared to RACE last annual SG&A of $114.07M (Mar 23).
Ferrari EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 2 | 9 | 6 | 4 | 3 | 7 | 5 | 1 | 2 | 2 | 2 | 11 | 11 | 10 | 10 | 11 | 10 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.63 | $1.20 | $1.24 | $1.36 | $1.30 | $1.16 | $1.12 | $1.11 | $1.11 | $1.42 | $0.92 | $0.05 | $0.90 | $0.90 | $0.90 |
| Avg Forecast | $2.54 | $2.53 | $2.54 | $2.54 | $2.43 | $2.37 | $2.65 | $2.39 | $2.11 | $2.21 | $2.18 | $2.02 | $1.63 | $1.70 | $1.89 | $1.60 | $1.29 | $1.14 | $1.33 | $1.38 | $1.20 | $1.18 | $1.26 | $1.29 | $1.27 | $0.96 | $0.06 | $0.98 | $1.02 | $0.94 |
| High Forecast | $2.59 | $2.58 | $2.59 | $2.59 | $2.48 | $2.42 | $2.71 | $2.44 | $2.16 | $2.29 | $2.22 | $2.06 | $1.94 | $1.84 | $1.93 | $1.63 | $1.31 | $1.17 | $1.33 | $1.51 | $1.30 | $1.28 | $1.37 | $1.40 | $1.39 | $1.04 | $0.07 | $1.06 | $1.11 | $1.02 |
| Low Forecast | $2.49 | $2.49 | $2.50 | $2.49 | $2.39 | $2.33 | $2.61 | $2.35 | $2.08 | $2.18 | $2.14 | $1.99 | $1.45 | $1.56 | $1.86 | $1.58 | $1.27 | $1.13 | $1.33 | $1.30 | $1.12 | $1.10 | $1.18 | $1.21 | $1.19 | $0.90 | $0.06 | $0.91 | $0.96 | $0.88 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.93% | 1.08% | 1.02% | 0.94% | 0.97% | 0.95% | 0.88% | 0.86% | 1.12% | 0.96% | 0.80% | 0.92% | 0.88% | 0.96% |
According to 6 Wall Street analysts, Ferrari's projected average Quarter EPS for Jun 23 is $1.89, with a low estimate of $1.86 and a high estimate of $1.93. This represents a 16.03% increase compared to RACE previous annual EPS of $1.63 (Mar 23).
Ferrari Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LCID | Lucid Group | $3.94 | $12.07 | 206.35% | Hold |
| XPEV | XPeng | $8.97 | $21.19 | 136.23% | Buy |
| RIVN | Rivian Automotive | $13.50 | $31.52 | 133.48% | Buy |
| F | Ford Motor Company | $10.69 | $17.06 | 59.59% | Buy |
| STLA | Stellantis | $15.07 | $23.16 | 53.68% | Buy |
| GM | General Motors Company | $46.30 | $62.08 | 34.08% | Buy |
| TM | Toyota Motor | $175.39 | $179.41 | 2.29% | Buy |
| HMC | Honda Motor | $31.47 | $31.51 | 0.13% | Buy |
| RACE | Ferrari | $469.09 | $376.17 | -19.81% | Buy |
RACE Forecast FAQ
Is Ferrari a good buy?
Yes, according to 11 Wall Street analysts, Ferrari (RACE) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 5 'Buy' recommendations, accounting for 54.55% of RACE's total ratings.
What is RACE's price target?
Ferrari (RACE) average price target is $376.17 with a range of $256 to $520, implying a -19.81% from its last price of $469.09. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Ferrari stock go up soon?
According to Wall Street analysts' prediction for RACE stock, the company can go down by -19.81% (from the last price of $469.09 to the average price target of $376.17), up by 10.85% based on the highest stock price target, and down by -45.43% based on the lowest stock price target.
Can Ferrari stock reach $700?
RACE's average twelve months analyst stock price target of $376.17 does not support the claim that Ferrari can reach $700 in the near future.
What is Ferrari's current price target trend?
1 Wall Street analyst forecast a $520 price target for Ferrari (RACE) this month, up 10.85% from its last price of $469.09. Compared to the last 3 and 12 months, the average price target increased by 6.38% and decreased by -5.82%, respectively.
What are Ferrari's analysts' financial forecasts?
Ferrari's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.92B (high $8.04B, low $7.82B), average EBITDA is $2.79B (high $2.84B, low $2.76B), average net income is $1.77B (high $1.81B, low $1.74B), average SG&A $682.86M (high $693.46M, low $674.36M), and average EPS is $9.84 (high $10.04, low $9.68). RACE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.4B (high $8.53B, low $8.29B), average EBITDA is $2.96B (high $3.01B, low $2.93B), average net income is $1.83B (high $1.86B, low $1.8B), average SG&A $724.22M (high $735.46M, low $715.2M), and average EPS is $10.14 (high $10.35, low $9.98).
Did the RACE's actual financial results beat the analysts' financial forecasts?
Based on Ferrari's last annual report (Dec 2022), the company's revenue was $5.1B, which missed the average analysts forecast of $5.12B by -0.57%. Apple's EBITDA was $1.78B, beating the average prediction of $1.68B by 6.02%. The company's net income was $932.61M, beating the average estimation of $873.47M by 6.77%. Apple's SG&A was $427.97M, beating the average forecast of $384.64M by 11.27%. Lastly, the company's EPS was $5.05, missing the average prediction of $5.14 by -1.82%. In terms of the last quarterly report (Mar 2023), Ferrari's revenue was $1.43B, missing the average analysts' forecast of $1.5B by -4.43%. The company's EBITDA was $571.13M, beating the average prediction of $459.5M by 24.29%. Ferrari's net income was $295.53M, beating the average estimation of $249M by 18.69%. The company's SG&A was $114.07M, beating the average forecast of $94.13M by 21.18%. Lastly, the company's EPS was $1.63, beating the average prediction of $1.6 by 1.72%