Ferrari (RACE) Stock Forecast & Price Target

$427.16 -1.32 (-0.31%)

(As of 11/20/2024 ET)

Ferrari - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 11 Analyst Ratings

Sell
1

Hold
3

Buy
7

Based on 11 Wall Street analysts who have issued ratings for Ferrari in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 1 has given a sell rating, 3 have given a hold rating, and 7 have given a buy rating for RACE.

Consensus Price Target

$507.14
18.72% Upside

According to the 11 analysts' twelve-month price targets for Ferrari, the average price target is $507.14. The highest price target for RACE is $565.00, while the lowest price target for RACE is $403.00. The average price target represents a forecasted upside of 18.72% from the current price of $427.16.

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RACE Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$507.14	$502.14	$461.67	$316.36
Forecasted Upside	18.72% Upside	4.94% Upside	-4.60% Downside	-13.11% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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RACE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RACE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ferrari Stock vs. The Competition

Type	Ferrari	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.55	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	18.72% Upside	279.26% Upside	9.83% Upside
News Sentiment Rating	Neutral News See Recent RACE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/6/2024	UBS Group 4 of 5 stars	R. Krankowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$478.00 ➝ $513.00	+16.15%
10/22/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$475.00 ➝ $565.00	+17.65%
10/11/2024	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Neutral ➝ Overweight	$385.00 ➝ $525.00	+15.80%
8/27/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$400.00 ➝ $520.00	+8.36%
8/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Cosman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
5/10/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold ➝ Hold	$408.00 ➝ $403.00	-1.03%
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4/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$448.00 ➝ $512.00	+22.92%
4/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$458.00 ➝ $512.00	+21.87%
3/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
12/13/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
12/13/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/6/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$182.00 ➝ $283.00	+4.60%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$290.00 ➝ $310.00	+16.77%
12/12/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		€261.00 ➝ €265.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:23 AM ET.

RACE Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Ferrari is $507.14, with a high forecast of $565.00 and a low forecast of $403.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ferrari in the last year. There is currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RACE shares.
: According to analysts, Ferrari's stock has a predicted upside of 18.72% based on their 12-month stock forecasts.
: Over the previous 90 days, Ferrari's stock had 1 upgrade by analysts.
: Ferrari has been rated by research analysts at Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, and UBS Group in the past 90 days.
: Analysts like Ferrari more than other "auto/tires/trucks" companies. The consensus rating for Ferrari is Moderate Buy while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how RACE compares to other companies.

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This page (NYSE:RACE) was last updated on 11/21/2024 by MarketBeat.com Staff

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Ferrari (RACE) Stock Forecast & Price Target