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Ferrari Now A Strong Buy, Vetr Top Raters Say

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Ferrari Now A Strong Buy, Vetr Top Raters Say

Shares of Ferrari N.V. (NYSE: RACE) have lost more than 13 percent of their value since they started trading in the NYSE on January 5. Moreover, in the past month alone, the shares have fallen roughly 4.3 percent, creating room for upside.

On Tuesday, following the aforementioned decline, top raters at the Vetr community decided to upgrade their rating on shares of Ferrari, from four stars (Buy) to 4.5 stars (Strong Buy) out of a possible five-star rating.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

The new rating seems more aligned with the crowd’s target price of $45.17, which implies an upside potential of almost 10 percent from current valuations.

Finally, it should be noted that only 66 percent of the crowd’s rating are bullish, meaning that the crowd as a whole is not as bullish as the top raters.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Latest Ratings for RACE

DateFirmActionFromTo
May 2021Credit SuisseMaintainsOutperform
May 2021Morgan StanleyMaintainsOverweight
May 2021Societe GeneraleDowngradesBuyHold

View More Analyst Ratings for RACE
View the Latest Analyst Ratings

 

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Posted-In: Analyst Color Long Ideas Upgrades Price Target Crowdsourcing Analyst Ratings Trading Ideas General

Latest Ratings

StockFirmActionPT
SOMorgan StanleyMaintains61.0
SITCMorgan StanleyMaintains14.5
SMPLMorgan StanleyDowngrades33.0
SPGMorgan StanleyMaintains140.0
RUBYMorgan StanleyMaintains25.0
View the Latest Analytics Ratings
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