Ferrari N.V. (NYSE: RACE) is currently trading at $399.39, up 0.02% from its previous close, as markets digest a mix of analyst ratings and earnings reports – particularly concerning the company’s foray into electric vehicles. The luxury automaker faces the challenge of balancing its traditional appeal with the evolving demands of the automotive industry.
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Ferrari Price Targets
The stock opened today at $396.84, reaching an intraday high of $408.0 and a low of $403.39. Trading volume remains moderate at 17,209. Recent market activity reflects a degree of uncertainty, particularly following Ferrari’s Capital Markets Day announcements on October 9, 2025.
Ferrari’s Q3 2025 earnings report showed a 7.4% year-over-year increase in net revenues, reaching €1.77 billion. Net profit also rose to €382 million, with shipments totaling 3,401 units. The company reaffirmed its full-year 2025 guidance, projecting net revenues of at least €7.1 billion and adjusted earnings per share of €8.80 or more. However, these positive results were juxtaposed against a significant stock decline following the Capital Markets Day, where the stock experienced its worst trading day since its 2016 IPO, dropping 15%.
UBS initially lowered its price target to $529 from $579 on October 16, 2025, citing concerns over the luxury market and Ferrari’s strategic direction. This adjustment followed a prior increase on May 7, 2025, where UBS raised the price target to $560 from $520 after robust Q1 results. Now, UBS has raised the firm’s price target on Ferrari to $554 from $529, and keeps a Buy rating on the shares.
Adding to the complexity, Ferrari unveiled the powertrain and chassis for its first fully electric vehicle, the Ferrari Elettrica, slated for delivery in late 2026. Despite this step towards electrification, the launch coincided with investor apprehension regarding conservative growth projections and a perceived de-emphasis on EV production.
Analyst Summary
Bull Case
- Strong Q3 results demonstrate financial health.
- UBS maintains a Buy rating with a $554 price target.
- Introduction of Elettrica signals a move to electrification.
Bear Case
- Stock decline after Capital Markets Day reflects market concern.
- Conservative long-term targets worry some analysts.
- Initial price target reduction by UBS highlights luxury market worries.
The markets are currently weighing Ferrari’s strong financial performance and brand strength against concerns about its long-term growth strategy and the pace of its transition to electric vehicles.
