Ferrari's Stock Drops 25% After Disappointing 2030 Revenue Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Should l Buy RACE?
Source: Fool
Ferrari's stock fell 3.53% and hit a 20-day low amid disappointing revenue guidance for 2030.
The company's forecast of at least €7.1 billion in net revenue for 2023 and only around €9 billion by 2030 disappointed analysts, leading to a significant drop in stock price. Despite this, Ferrari's operating margins have nearly doubled over the past decade, and the upcoming F80 model is expected to contribute significantly to profits, showcasing the brand's strong market position.
The implications of this guidance downgrade raise concerns about Ferrari's future growth prospects, but the company remains well-positioned with its strong pricing power and brand exclusivity.
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Analyst Views on RACE
Wall Street analysts forecast RACE stock price to rise
15 Analyst Rating
11 Buy
3 Hold
1 Sell
Moderate Buy
Current: 374.990
Low
349.74
Averages
448.83
High
555.00
Current: 374.990
Low
349.74
Averages
448.83
High
555.00
About RACE
Ferrari NV, known as Ferrari, is an Italy-based designer, manufacturer and retailer of sports cars that is incorporated in the Netherlands. It operates under the Ferrari brand. Its sports cars portfolio includes, among others, F12berlinetta, FF, Ferrari 488 GTB, 488 Spider, 458 Speciale, Ferrari California T, F12tdf and LaFerrari. The Company also offers financing services through Ferrari Financial Services. It also produces limited series and one-off cars. The Company divides its regional markets in EMEA (Europe, the Middle East, India and Africa), Americas, Greater China and Rest of APAC (Asia-Pacific region, excluding Greater China) and is active in over 60 markets worldwide through a network of authorized dealers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Shares Repurchased: As of February 13, 2026, Ferrari has repurchased a total of 276,643 common shares on Euronext Milan and NYSE, with an invested total consideration of €81,975,746.99, thereby enhancing shareholder value.
- Increased Holdings: As of February 13, 2026, Ferrari holds 16,921,249 common shares in treasury, representing 8.73% of the total issued common shares, and including special voting shares, the treasury stock percentage rises to 9.18%, indicating strong confidence in its own stock.
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- Accelerated Electrification: In the first half of 2025, Ferrari's hybrid vehicle shipments reached 45%, a significant increase from 22% in 2022, indicating rapid progress in its electrification strategy and enhancing its competitive edge in the future market.
- Profitability Gains: While full-electric vehicles remain less profitable than traditional gasoline models, Ferrari's hybrid offerings have maintained a high gross margin of 58.25% even as shipment volumes increase, demonstrating that its electrification strategy does not compromise overall profitability.
- Unique Market Positioning: With strong product demand and exceptional profit margins, Ferrari stands out as a unique competitor in the EV market; despite its stock being priced higher than mainstream automakers, it continues to attract investor interest, reflecting confidence in its future growth.
- Future EV Plans: Ferrari is actively preparing for the launch of its first full-electric vehicle, the Elettrica, and while there are differing opinions on the timing of its release, successfully entering the full-EV market will be crucial for Ferrari's future development and may attract a new generation of consumers.
See More
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- EV Market Share Shift: In 2022, Ferrari's shipments consisted of 78% internal combustion engines and 22% hybrids, but by the first half of 2025, this has shifted to approximately 55% internal combustion and 45% hybrids, indicating a proactive approach to EV transition despite profitability challenges for full-electric vehicles.
- Hybrid Profitability Gains: As Ferrari accelerates its hybrid vehicle shipments, it continues to enhance profitability, suggesting that its strategic positioning in the EV market not only maintains profit growth but also lays a foundation for future full-electric models.
- Strategic Importance of Elettrica: The upcoming full-electric model, Elettrica, will be pivotal for Ferrari's EV strategy, as entering the market too quickly could incur high adjustment costs, while delaying could risk missing the opportunity to cultivate future enthusiasts, reflecting a cautious approach to the EV market.
- Investment Timing and Market Positioning: Although Ferrari's stock is priced at a premium compared to mainstream automakers, recent low price-to-earnings ratios present an opportunity for investors, and given its strong brand demand and competitive advantages, Ferrari may be an overlooked potential stock in the EV sector.
See More
Ferrari's Surprising Shift Towards Electrification
- Hybrid Sales Growth: In 2022, Ferrari's sales comprised 78% internal combustion engines and 22% hybrids; by the first half of 2025, hybrids accounted for 45%, indicating the company's proactive shift towards electrification, enhancing its competitive position in the market.
- Margin Improvement: Despite full-electric vehicles being less profitable than gasoline counterparts, Ferrari's growth in hybrid sales has not hindered its margin gains, which continue to rise, reflecting the company's ability to maintain profitability during its electrification journey and boosting investor confidence.
- EV Strategy Planning: Ferrari is assessing the timing for launching its first full-electric vehicle, the Elettrica, as entering the full-EV market too quickly could lead to costly adjustments later, while being too late might miss opportunities to cultivate future consumers, showcasing its cautious approach to electrification strategy.
- Market Opportunity Emerges: Although Ferrari's stock is generally priced at a premium, recent declines in its price-to-earnings ratio due to underwhelming guidance have created a relatively undervalued buying opportunity for investors, potentially positioning it as an unexpected quality choice in the EV investment landscape.
See More
