Ferrari NV has a consensus price target of $382.54 based on the ratings of 17 analysts. The high is $520 issued by Morgan Stanley on August 27, 2024. The low is $260 issued by JP Morgan on May 8, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, UBS, and Jefferies on August 27, 2024, June 24, 2024, and May 10, 2024, respectively. With an average price target of $467 between Morgan Stanley, UBS, and Jefferies, there's an implied -0.78% downside for Ferrari NV from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ferrari (NYSE:RACE) was reported by Morgan Stanley on August 27, 2024. The analyst firm set a price target for $520.00 expecting RACE to rise to within 12 months (a possible 10.48% upside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Ferrari (NYSE:RACE) was provided by Morgan Stanley, and Ferrari maintained their overweight rating.
The last upgrade for Ferrari NV happened on August 2, 2024 when Barclays raised their price target to N/A. Barclays previously had an equal-weight for Ferrari NV.
The last downgrade for Ferrari NV happened on April 4, 2024 when Barclays changed their price target from N/A to N/A for Ferrari NV.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ferrari, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ferrari was filed on August 27, 2024 so you should expect the next rating to be made available sometime around August 27, 2025.
While ratings are subjective and will change, the latest Ferrari (RACE) rating was a maintained with a price target of $400.00 to $520.00. The current price Ferrari (RACE) is trading at is $470.69, which is within the analyst’s predicted range.
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