Ferrari (NYSE: RACE) is facing a period of mixed sentiment as analysts adjust price targets and the company navigates strategic shifts, impacting market perception. Recent news includes price target adjustments from several firms, following Ferrari’s Capital Markets Day and earnings reports.
Ferrari Price Targets
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On November 12, 2025, Ferrari’s shares traded at $422.46, marking an increase of $11.06, or 2.69%, from the previous day’s close. This movement reflects ongoing market assessment of Ferrari’s financial outlook and strategic direction.
JPMorgan lowered its price target on Ferrari to $457 from $460, while maintaining an Overweight rating. They also initiated coverage of the European shares with an Overweight rating. JPMorgan cited Ferrari’s “robust” business model and upcoming product launches as opportunities for improved pricing and the potential to achieve 2030 targets earlier than planned, though they also trimmed estimates to reflect potentially higher fixed costs in the next two years. CFRA analyst Garrett Nelson reduced Ferrari’s 12-month price target from $460 to $450, maintaining a Hold rating, citing a forward P/E ratio of 41.6x for 2026, a premium compared to Ferrari’s ten-year average. Bernstein SocGen Group decreased its price target for Ferrari to $475 from $554, maintaining an Outperform rating, following Ferrari’s Capital Markets Day, where the company announced 2024-2030 financial objectives, including a 5% compound annual revenue growth, below the consensus expectation of approximately 7%. UBS analysts raised Ferrari’s price target to $560 from $520, maintaining a Buy rating, following robust financial results, but acknowledged potential challenges due to volatile macroeconomic conditions.
Ferrari’s Capital Markets Day saw the unveiling of its 2030 strategic plan, which included a modest increase in 2025 revenue guidance to at least €7.1 billion and a long-term revenue target of €9 billion by 2030. Following the unveiling of its 2030 strategic plan during Capital Markets Day, Ferrari’s stock experienced a significant decline of approximately 15%.
Adding to the narrative, Ferrari Chairman John Elkann recently addressed the Formula One team’s performance. “Talk less, focus on driving,” Elkann told Ferrari drivers, emphasizing the need for improved focus and team unity, according to Reuters.
RACE Analyst Summary
Bull Case
- Strong brand and robust business model support premium pricing.
- Upcoming product launches offer pricing and growth opportunities.
- UBS’s raised price target signals confidence in Ferrari’s financial health.
Bear Case
- JPMorgan trimmed estimates due to potentially higher fixed costs.
- Conservative growth projections may limit investor enthusiasm.
- Formula One team issues could affect brand image and performance.
Ferrari faces a complex landscape. Analyst ratings reflect both confidence in the brand and concerns about growth and cost management. The market’s reaction to the 2030 strategic plan highlights investor expectations and potential reservations about the company’s long-term vision. The company’s future performance will depend on its ability to navigate these challenges and capitalize on its strengths.
