Ferrari N.V. (RACE)
NYSE: RACE · IEX Real-Time Price · USD
411.00
+2.02 (0.49%)
May 31, 2024, 4:00 PM EDT - Market closed
Ferrari Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Ferrari stock have an average target of 417.5, with a low estimate of 300 and a high estimate of 512. The average target predicts an increase of 1.58% from the current stock price of 411.00.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Ferrari stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 2 |
| Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Hold | 5 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 9 | 11 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Hold Initiates $408 → $403 | Hold | Initiates | $408 → $403 | -1.95% | May 10, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $400 | Buy | Maintains | $400 | -2.68% | Apr 22, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $430 → $465 | Buy | Maintains | $430 → $465 | +13.14% | Apr 22, 2024 |
| Bernstein | Bernstein | Buy Maintains $448 → $512 | Buy | Maintains | $448 → $512 | +24.57% | Apr 18, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $458 → $512 | Strong Buy | Maintains | $458 → $512 | +24.57% | Apr 10, 2024 |
Financial Forecast
Revenue This Year
6.68B
from 5.97B
Increased by 11.94%
Revenue Next Year
7.23B
from 6.68B
Increased by 8.13%
EPS This Year
7.96
from 6.90
Increased by 15.43%
EPS Next Year
8.92
from 7.96
Increased by 11.96%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.1B | 7.8B | 8.4B | 8.4B | 8.8B |
| Avg | 6.7B | 7.2B | 7.7B | 8.0B | 8.6B |
| Low | 6.3B | 6.7B | 6.8B | 7.7B | 8.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.7% | 16.9% | 15.7% | 8.7% | 9.6% |
| Avg | 11.9% | 8.1% | 6.4% | 4.6% | 6.3% |
| Low | 5.2% | -0.1% | -5.8% | -0.3% | 2.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.74 | 10.24 | 11.08 | 10.44 | 10.28 |
| Avg | 7.96 | 8.92 | 9.74 | 10.14 | 9.98 |
| Low | 7.22 | 8.04 | 8.49 | 9.74 | 9.59 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.6% | 28.5% | 24.2% | 7.2% | 1.3% |
| Avg | 15.4% | 12.0% | 9.2% | 4.1% | -1.6% |
| Low | 4.7% | 0.9% | -4.8% | 0.0% | -5.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.