Kepler Capital Reaffirms Their Buy Rating on Ferrari (RACE)

Kepler Capital analyst Thomas Besson maintained a Buy rating on Ferrari today and set a price target of €410.00. The company’s shares opened today at $412.24.

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According to TipRanks, Besson is a 2-star analyst with an average return of 0.0% and a 55.35% success rate. Besson covers the Consumer Cyclical sector, focusing on stocks such as Renault, Stellantis, and Continental Aktiengesellschaft.

Currently, the analyst consensus on Ferrari is a Moderate Buy with an average price target of $510.87, representing a 23.93% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a €485.00 price target.

The company has a one-year high of $519.10 and a one-year low of $391.54. Currently, Ferrari has an average volume of 483.2K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.