In a report released today, Zuzanna Pusz from UBS maintained a Buy rating on Ferrari, with a price target of $529.00. The company’s shares closed yesterday at $389.56.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Pusz is a 4-star analyst with an average return of 6.7% and a 56.40% success rate. Pusz covers the Consumer Cyclical sector, focusing on stocks such as Hermes International, Ferrari, and LVMH Moet Hennessy Louis Vuitton.
In addition to UBS, Ferrari also received a Buy from Berenberg Bank’s Michael Filatov in a report issued yesterday. However, on October 13, Citi maintained a Sell rating on Ferrari (NYSE: RACE).
RACE market cap is currently $92.27B and has a P/E ratio of 40.15.
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.
Read More on RACE:
Disclaimer & DisclosureReport an Issue
- Ferrari Completes Eighth Tranche of Share Buyback Program
- Ferrari price target lowered to EUR 340 from EUR 380 at Citi
- Ferrari price target lowered to EUR 460 from EUR 475 at RBC Capital
- Ferrari price target lowered to EUR 450 from EUR 496 at BofA
- Ferrari price target lowered to $475 from $554 at Bernstein
/Oracle%20Corp_%20office%20logo-by%20Mesut%20Dogan%20via%20iStock.jpg)
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/A%20photo%20of%20a%20Sandisk%20Solid%20State%20Drive%20by%20Top%20Popular%20Vector%20by%20Shutterstock.jpg)
