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Ferrari (RACE) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RACE Stock Forecast

Ferrari stock forecast is as follows: an average price target of $521.00 (represents a 22.03% upside from RACE’s last price of $426.93) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

RACE Price Target

The average price target for Ferrari (RACE) is $521.00 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $565.00 to $478.00. This represents a potential 22.03% upside from RACE's last price of $426.93.

RACE Analyst Ratings

Buy

According to 12 Wall Street analysts, Ferrari's rating consensus is 'Buy'. The analyst rating breakdown for RACE stock is 1 'Strong Buy' (8.33%), 6 'Buy' (50.00%), 2 'Hold' (16.67%), 3 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).

Ferrari Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Michael BinettiEvercore ISI$565.00$480.1817.66%32.34%
Aug 27, 2024Adam JonasMorgan Stanley$520.00$488.306.49%21.80%
Jun 24, 2024Robert KrankowskiUBS$478.00$422.1013.24%11.96%
May 22, 2024Adam JonasMorgan Stanley$400.00$417.96-4.30%-6.31%
May 10, 2024James GrzinicJefferies$403.00$407.43-1.09%-5.61%
May 07, 2024Philippe HoucholsJefferies$408.00$427.66-4.60%-4.43%
Feb 03, 2023Credit Suisse$310.00$260.4019.05%-27.39%
Aug 03, 2022UBS$270.00$212.0127.35%-36.76%
Jul 04, 2022Philippe HouchoisJefferies$180.00$187.94-4.22%-57.84%
Apr 09, 2022Susy TibaldiUBS$263.00$219.5119.81%-38.40%
Nov 03, 2021Stephen ReitmanSociete Generale$290.00$255.6813.42%-32.07%
Sep 16, 2021Giulio PescatoreBNP Paribas$256.00$218.8616.97%-40.04%

The latest Ferrari stock forecast, released on Oct 22, 2024 by Michael Binetti from Evercore ISI, set a price target of $565.00, which represents a 17.66% increase from the stock price at the time of the forecast ($480.18), and a 32.34% increase from RACE last price ($426.93).

Ferrari Price Target by Period

1M3M12M
# Anlaysts-16
Avg Price Target-$565.00$462.33
Last Closing Price$426.93$426.93$426.93
Upside/Downside-100.00%32.34%8.29%

In the current month, the average price target of Ferrari stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ferrari's last price of $426.93. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024Evercore ISIOutperformOutperformHold
Oct 21, 2024BarclaysOverweightOverweightHold
Sep 09, 2024CitigroupSellSellHold
Aug 27, 2024Morgan StanleyOverweightOverweightHold
Aug 02, 2024BarclaysOverweightUpgrade
Jun 24, 2024UBSBuyBuyHold
May 22, 2024Morgan StanleyOverweightOverweightHold
May 13, 2024RBC CapitalOutperformOutperformHold
May 07, 2024JefferiesHoldHoldHold
Dec 13, 2023HSBCBuyNegativeUpgrade
Aug 25, 2023JefferiesHoldHoldHold
May 05, 2023CFRABuyStrong BuyUpgrade
Apr 06, 2023Goldman SachsNeutralUpgrade
Mar 07, 2023Morgan StanleyOverweightOverweightHold
Jan 09, 2023CitigroupNeutralUpgrade
Nov 02, 2022CFRABuyUpgrade
Oct 27, 2022HSBCBuyUpgrade
Sep 29, 2022Morgan StanleyOverweightOverweightHold
Aug 03, 2022UBSBuyBuyHold
Jul 04, 2022JefferiesHoldUpgrade
Jun 28, 2022Credit SuisseReduceReduceHold
Apr 09, 2022UBSBuyBuyHold
Apr 05, 2022Union GamingBuyBuyHold

Ferrari's last stock rating was published by Evercore ISI on Oct 22, 2024. The company gave RACE a "Outperform" rating, the same as its previous rate.

Ferrari Financial Forecast

Ferrari Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$2.11B$2.11B$2.11B$2.11B$2.00B$1.87B$1.91B$1.84B$1.77B$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$2.16B$2.16B$2.16B$2.16B$2.04B$1.91B$1.95B$1.88B$1.89B$1.87B$1.78B$1.72B$1.71B$1.70B$1.65B$1.53B$1.41B$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
Low Forecast$2.07B$2.07B$2.07B$2.07B$1.96B$1.83B$1.87B$1.80B$1.69B$1.80B$1.71B$1.65B$1.62B$1.48B$1.58B$1.47B$1.35B$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
# Analysts111111116311297437434744459644
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 7 analysts is $1.61B, with a low forecast of $1.58B, and a high forecast of $1.65B. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111116311297437434744459644
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$738.27M$737.91M$738.64M$738.27M$698.25M$654.16M$666.65M$643.33M$617.86M$641.00M$609.94M$505.45M$583.68M$546.13M$563.27M$459.50M$286.99M$412.88M$449.99M$417.73M$474.07M$438.40M$436.01M$370.10M$450.71M$369.51M$233.93M$337.66M$363.97M$340.15M
High Forecast$754.51M$754.13M$754.89M$754.51M$713.60M$668.55M$681.32M$657.48M$659.51M$655.10M$623.36M$606.54M$598.18M$594.80M$575.66M$551.40M$344.39M$412.88M$449.99M$501.27M$474.07M$438.40M$436.01M$444.11M$450.71M$369.51M$233.93M$405.19M$363.97M$340.15M
Low Forecast$723.85M$723.49M$724.21M$723.85M$684.61M$641.39M$653.63M$630.76M$590.09M$628.48M$598.03M$404.36M$565.56M$517.83M$552.27M$367.60M$229.59M$412.88M$449.99M$334.18M$474.07M$438.40M$436.01M$296.08M$450.71M$369.51M$233.93M$270.13M$363.97M$340.15M
Surprise %---------------1.24%1.40%1.12%1.05%1.05%0.79%0.87%0.91%1.04%0.77%0.92%0.56%0.97%0.84%0.95%

7 analysts predict RACE's average Quarter EBITDA for Jun 23 to be $563.27M, with a high of $575.66M and a low of $552.27M. This is -1.38% lower than Ferrari's previous annual EBITDA (Mar 23) of $571.13M.

Ferrari Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111116311297437434744459644
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$501.63M$500.57M$502.69M$501.63M$450.53M$436.33M$453.40M$410.24M$353.21M$399.27M$392.06M$273.90M$292.97M$306.36M$340.12M$249.00M$164.05M$206.22M$239.32M$226.36M$215.71M$211.78M$226.24M$197.26M$229.45M$172.31M$11.22M$171.36M$184.37M$169.27M
High Forecast$515.97M$514.88M$517.07M$515.97M$463.41M$448.80M$466.36M$421.97M$366.09M$410.68M$403.64M$328.68M$349.67M$330.07M$349.85M$298.80M$196.86M$206.22M$239.32M$271.63M$215.71M$218.10M$226.24M$236.71M$229.45M$172.31M$11.22M$205.63M$184.37M$169.27M
Low Forecast$488.89M$487.86M$489.93M$488.89M$439.09M$425.25M$441.89M$399.82M$323.77M$389.13M$380.48M$219.12M$260.83M$280.83M$331.48M$199.20M$131.24M$206.22M$239.32M$181.09M$215.71M$205.47M$226.24M$157.81M$229.45M$172.31M$11.22M$137.09M$184.37M$169.27M
Surprise %---------------1.19%1.34%1.09%1.04%1.05%0.99%0.97%0.91%1.04%1.14%0.99%0.80%0.97%0.91%0.99%

Ferrari's average Quarter net income forecast for Jun 23 is $340.12M, with a range of $331.48M to $349.85M. RACE's average Quarter net income forecast represents a 15.09% increase compared to the company's last Quarter net income of $295.53M (Mar 23).

Ferrari SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111116311297437434744459644
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$182.03M$181.94M$182.12M$182.03M$172.16M$161.29M$164.37M$158.62M$152.34M$158.05M$150.39M$103.55M$143.91M$134.66M$138.88M$94.13M$86.59M$100.93M$110.00M$85.58M$115.88M$107.16M$106.58M$68.93M$110.17M$90.32M$57.18M$81.55M$88.97M$83.15M
High Forecast$186.03M$185.94M$186.13M$186.03M$175.95M$164.84M$167.99M$162.11M$162.61M$161.52M$153.70M$124.26M$147.49M$146.65M$141.94M$112.96M$103.91M$100.93M$110.00M$102.69M$115.88M$107.16M$106.58M$82.72M$110.17M$90.32M$57.18M$97.86M$88.97M$83.15M
Low Forecast$178.47M$178.39M$178.56M$178.47M$168.80M$158.14M$161.16M$155.52M$145.49M$154.96M$147.45M$82.84M$139.44M$127.68M$136.17M$75.31M$69.27M$100.93M$110.00M$68.46M$115.88M$107.16M$106.58M$55.15M$110.17M$90.32M$57.18M$65.24M$88.97M$83.15M
Surprise %---------------1.21%1.48%1.05%0.94%1.05%0.98%0.77%0.76%1.04%0.93%0.85%1.37%0.97%0.99%1.16%

Ferrari's average Quarter SG&A projection for Jun 23 is $138.88M, based on 7 Wall Street analysts, with a range of $136.17M to $141.94M. The forecast indicates a 21.75% rise compared to RACE last annual SG&A of $114.07M (Mar 23).

Ferrari EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111116311297437434744459644
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$2.79$2.78$2.80$2.79$2.51$2.43$2.52$2.28$1.96$2.22$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$2.87$2.86$2.88$2.87$2.58$2.50$2.59$2.35$2.04$2.28$2.24$2.09$1.94$1.84$1.95$1.65$1.32$1.14$1.33$1.41$1.20$1.21$1.26$1.29$1.27$0.96$0.06$0.98$1.02$0.94
Low Forecast$2.72$2.71$2.72$2.72$2.44$2.36$2.46$2.22$1.80$2.16$2.12$1.94$1.45$1.56$1.84$1.56$1.25$1.14$1.33$1.36$1.20$1.14$1.26$1.29$1.27$0.96$0.06$0.98$1.02$0.94
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 7 Wall Street analysts, Ferrari's projected average Quarter EPS for Jun 23 is $1.89, with a low estimate of $1.84 and a high estimate of $1.95. This represents a 16.03% increase compared to RACE previous annual EPS of $1.63 (Mar 23).

Ferrari Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HMCHonda Motor$25.26$31.5124.74%Buy
RACEFerrari$432.36$521.0020.50%Buy
RIVNRivian Automotive$14.70$17.4218.50%Buy
GMGeneral Motors Company$51.15$59.6716.66%Buy
FFord Motor Company$9.97$11.4915.25%Buy
LCIDLucid Group$2.76$3.1514.13%Hold
STLAStellantis$13.35$13.853.75%Hold
TMToyota Motor$173.28$179.413.54%Buy
XPEVXPeng$12.84$12.920.62%Buy

RACE Forecast FAQ

Is Ferrari a good buy?

Yes, according to 12 Wall Street analysts, Ferrari (RACE) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 6 'Buy' recommendations, accounting for 58.33% of RACE's total ratings.

What is RACE's price target?

Ferrari (RACE) average price target is $521 with a range of $478 to $565, implying a 22.03% from its last price of $426.93. The data is based on 12 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 up by 22.03% (from the last price of $426.93 to the average price target of $521), up by 32.34% based on the highest stock price target, and up by 11.96% based on the lowest stock price target.

Can Ferrari stock reach $600?

RACE's average twelve months analyst stock price target of $521 does not support the claim that Ferrari can reach $600 in the near future.

What are Ferrari's analysts' financial forecasts?

Ferrari's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.61B (high $7.78B, low $7.46B), average EBITDA is $2.66B (high $2.72B, low $2.61B), average net income is $1.75B (high $1.8B, low $1.71B), average SG&A $656.45M (high $670.88M, low $643.62M), and average EPS is $9.73 (high $10.01, low $9.49). RACE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.44B (high $8.63B, low $8.28B), average EBITDA is $2.95B (high $3.02B, low $2.9B), average net income is $2.01B (high $2.06B, low $1.96B), average SG&A $728.12M (high $744.14M, low $713.9M), and average EPS is $11.16 (high $11.48, low $10.87).

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 $1.57B by 13.43%. The company's net income was $932.61M, beating the average estimation of $835.95M by 11.56%. Apple's SG&A was $427.97M, beating the average forecast of $383.09M by 11.72%. 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%