Monday's analyst calls: Micron a top pick, Goldman says buy IBM shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
0mins
Source: CNBC
- Ferrari Outlook: Bernstein maintains an outperform rating on Ferrari stock, citing the company's commitment to business principles and future electric vehicle plans.
- Anheuser-Busch InBev Upgrade: UBS upgrades Anheuser-Busch InBev to a buy rating, forecasting a 30% upside for the stock due to growth, margins, and cash returns.
- Micron Technology Top Pick: Citi names Micron Technology a top pick ahead of earnings, with a price target increase and expectations of trading at a premium.
- IBM Buy Rating: Goldman Sachs initiates IBM with a buy rating, projecting strong gains based on the company's pivot towards modernized software and services.
Analyst Views on RACE
Wall Street analysts forecast RACE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RACE is 448.83 USD with a low forecast of 349.74 USD and a high forecast of 555.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
11 Buy
3 Hold
1 Sell
Moderate Buy
Current: 337.550
Low
349.74
Averages
448.83
High
555.00
Current: 337.550
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.
