Ferrari N.V. (NYSE: RACE) is experiencing a complex period as positive analyst updates clash with concerns over long-term strategy, creating a mixed outlook for the luxury automaker’s stock. UBS has raised its price target on Ferrari, signaling confidence in the company’s growth potential.
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Ferrari Price Target Raised
The stock currently trades at $382.8, down $2.10 (-0.01%) from the previous close. Intraday trading has seen highs of $386.33 and lows of $381.96, with a volume of 538,985 shares traded as of Wednesday, November 26, 2025, at 16:15:00 PST.
UBS analyst Susy Tibaldi increased the firm’s price target on Ferrari to $563 from $554, reiterating a Buy rating. Tibaldi stated that 2026 should confirm Ferrari “continues to be one of the most compelling organic growth stories” in the sector. This endorsement comes after Ferrari reported a strong third quarter, with core earnings up 5% to €670 million, exceeding analyst expectations of €649 million. This growth was attributed to strong pricing power and demand for models like the SF90 XX and 12Cilindri.
However, Ferrari’s Capital Markets Day on October 9, 2025, revealed a more conservative 2030 outlook, projecting revenues of approximately €9 billion and adjusted EBITDA of at least €3.6 billion. This outlook, implying a compound annual growth rate of about 5%, disappointed some analysts who had anticipated 7%. Further dampening sentiment was the reduction of Ferrari’s fully electric vehicle (EV) target for 2030 from 40% to 20% of its product lineup. This led to a significant stock decline of over 14% following the announcement.
In response to the revised outlook, UBS previously lowered its price target from $579 to $529 on October 16, 2025, while maintaining a Buy rating. Tibaldi noted investor concerns but supported the company’s strategy to preserve long-term growth by maintaining its scarcity-driven approach. Citigroup also reduced its price objective from $579 to $529, maintaining a Buy rating.
Ferrari also announced a reduction in planned price increases for some U.S. models to a maximum of 5%, down from the previously intended 10%, due to a trade agreement lowering import tariffs. The company’s Formula 1 team leads Sportico’s F1 team valuations at $6.4 billion, highlighting its strong brand value.
RACE Analyst Summary
Bull Case
- Strong Q3 earnings driven by pricing power and high demand.
- UBS reaffirms Buy rating, citing compelling organic growth story.
- Ferrari leads Formula 1 team valuations, boosting brand value.
Bear Case
- Conservative 2030 outlook disappoints some analysts.
- Reduced EV target raises concerns about future competitiveness.
- Previous price target cuts reflect market uncertainty.
Ferrari’s current situation presents a mixed bag for markets. While strong earnings and a leading position in Formula 1 provide tailwinds, a conservative long-term outlook and a revised EV strategy have introduced caution. The raised price target from UBS offers a degree of optimism, but the company must navigate evolving market expectations to sustain its growth trajectory.
