UBS Maintains Buy on Ferrari, Raises Price Target to $478
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UBS analyst Susy Tibaldi maintains Ferrari (NYSE:RACE) with a Buy and raises the price target from $448 to $478.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $385.00 → $525.00 | Neutral → Overweight | JP Morgan |
| 8/27/2024 | $400.00 → $520.00 | Overweight | Morgan Stanley |
| 8/2/2024 | Equal Weight → Overweight | Barclays | |
| 5/10/2024 | $408.00 → $403.00 | Hold | Jefferies |
| 4/4/2024 | Overweight → Equal Weight | Barclays | |
| 3/4/2024 | Neutral → Sell | Citigroup | |
| 12/13/2023 | Outperform → Neutral | Exane BNP Paribas | |
| 12/13/2023 | Buy → Hold | HSBC Securities |
JP Morgan upgraded Ferrari from Neutral to Overweight and set a new price target of $525.00 from $385.00 previously
Morgan Stanley reiterated coverage of Ferrari with a rating of Overweight and set a new price target of $520.00 from $400.00 previously
Barclays upgraded Ferrari from Equal Weight to Overweight
Maranello (Italy), November 11, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows: TradingDate(dd/mm/yyyy)Stock ExchangeNumber of common shares purchasedAverage price per shareexcluding fees(€)Consideration excluding fees(€)04/11/202
Net revenues of Euro 1,644 million, up 6.5% versus prior year, with total shipments of 3,383 unitsAdjusted EBIT(1) of Euro 467 million, up 10.3% versus prior year, with adjusted EBIT(1) margin of 28.4%Adjusted net profit(1) of Euro 375 million and adjusted diluted EPS(1) at Euro 2.08Adjusted EBITDA(1) of Euro 638 million, up 7.1% versus prior year, with adjusted EBITDA(1) margin of 38.8%Industrial free cash flow(1) generation of Euro 364 million "The third quarter once again shows growing results for Ferrari, driven by a strong product mix and increased personalizations" said Benedetto Vigna, CEO of Ferrari. "It confirms our commitment to deliver on the promises we made at our Capital Marke
Maranello (Italy), November 4, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows: TradingDate(dd/mm/yyyy)Stock ExchangeNumber of common shares purchasedAverage price per shareexcluding fees(€)Consideration excluding fees(€)28/10/2024
Ferrari (NYSE:RACE) has outperformed the market over the past 5 years by 7.45% on an annualized basis producing an average annual return of 20.61%. Currently, Ferrari has a market capitalization of $75.64 billion. Buying $1000 In RACE: If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,548.81 today based on a price of $420.77 for RACE at the time of writing. Ferrari's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
Ferrari (NYSE:RACE) has outperformed the market over the past 5 years by 7.96% on an annualized basis producing an average annual return of 21.14%. Currently, Ferrari has a market capitalization of $75.89 billion. Buying $1000 In RACE: If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,617.80 today based on a price of $422.10 for RACE at the time of writing. Ferrari's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
UBS analyst Susy Tibaldi maintains Ferrari (NYSE:RACE) with a Buy and raises the price target from $448 to $478.
Net revenues of Euro 1,644 million, up 6.5% versus prior year, with total shipments of 3,383 unitsAdjusted EBIT(1) of Euro 467 million, up 10.3% versus prior year, with adjusted EBIT(1) margin of 28.4%Adjusted net profit(1) of Euro 375 million and adjusted diluted EPS(1) at Euro 2.08Adjusted EBITDA(1) of Euro 638 million, up 7.1% versus prior year, with adjusted EBITDA(1) margin of 38.8%Industrial free cash flow(1) generation of Euro 364 million "The third quarter once again shows growing results for Ferrari, driven by a strong product mix and increased personalizations" said Benedetto Vigna, CEO of Ferrari. "It confirms our commitment to deliver on the promises we made at our Capital Marke
Maranello (Italy), October 16, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the third quarter of 2024 will be released on Tuesday, November 5, 2024. A live audio webcast and conference call of the 2024 Q3 results will begin at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on Tuesday, November 5. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the live session, a replay will remain archived
Maranello (Italy), July 17, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024. A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the live session, a replay will remain archived on
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