RACE Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Ratings:
Ferrari (RACE) has received mixed signals from analysts and market sentiment. Morgan Stanley and UBS have maintained a Buy rating with price targets around $520, while Barclays has a Hold rating. Insider sentiment is negative, with increased selling activity over the past quarter.
Technical Indicators:
The stock is currently trading at $436.32, with key Fibonacci levels indicating resistance at $453.48 and support at $436.30. The RSI values (34.28, 39.24, 40.48) suggest the stock is oversold, while the MACD indicates bearish momentum.
Price Prediction and Recommendation:
Based on the analysis, the stock is expected to trade sideways with a slight bearish bias. The predicted price target for the next trading week is $445.
Recommendation: Sell
RACE Similar Chart Price Prediction
The price of RACE is predicted to go up 20%, based on the high correlation periods with CSCI. The similarity of these two price pattern on the periods is 98.11%.
RACE
CSCI
Up: 20%Similarity: 98.11%
RACE Revenue Forecast
RACE EPS Forecast
RACE FAQs
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RACE VS S&P500
Ferrari's low volatility in revenue and profitability, gross margins in excess of 55%, EBITDA margins above 30%, and high ROICs are characteristics of substantial pricing power and commensurate with the metrics of luxury goods companies.
With one of the world's strongest brands, Ferrari possesses a rich heritage based in Formula One racing that enables the sale of highly coveted but highly exclusive sports cars.
A growing global population of high-net-worth individuals expands Ferrari's addressable market and supports volume growth without sacrificing exclusivity.
RACE Analyst's Forecast
Henning Cosman
Barclays
Hold → Buy
2025-03-28
Price Target
n/a
Downside
0%
Barclays upgraded Ferrari to Overweight from Equal Weight with an unchanged price target of EUR 485. The company confirmed its guidance, despite the latest 25% U.S tariffs on foreign car imports, which underscores its "unique resilience/safe-haven status," the analyst tells investors in a research note. The firm believes the down 20% share drop since February 14 offers a good entry point.
Ryan Brinkman
JP Morgan
Buy
2025-03-27
Price Target
$525 → $460
Upside
+7.77%
Michael Binetti
Evercore ISI Group
Buy
2024-10-22
Price Target
$475 → $565
Upside
+18.36%
