RACE Price Prediction Next Week
Technical Analysis: Ferrari (RACE) shows a strong upward trend with recent price at $503.43 as of Feb 21, 2025. The stock has formed higher highs and higher lows, indicating bullish momentum.
Price Targets & Analyst Views:
- UBS raised target to $584 from $513, maintaining Buy rating
- J.P. Morgan maintains Buy rating with $525 target
- Deutsche Bank initiated coverage with Hold rating at €430, citing valuation concerns
Key Drivers:
- Strong pricing power and exceptional backlog through 2026
- 2025 expected to be first-half weighted due to Daytona deliveries
- F80 supercar deliveries starting Q4 2025 could provide upside potential
Next Week's Price Projection: Based on technical indicators and recent momentum:
- Support level: $498
- Resistance level: $515
- Target range: $505-$512
Trading Recommendation: BUY with entry at current levels ($503.43). Technical indicators suggest continued upward momentum, supported by strong fundamentals and positive analyst sentiment. Set stop loss at $495.
Price Targets:
- Short-term (1 week): $512
- Key resistance to watch: $515
- Initial support: $498
RACE Similar Chart Price Prediction
The price of RACE is predicted to go up 17.1%, based on the high correlation periods with EMKR. The similarity of these two price pattern on the periods is 98.57%.
RACE
EMKR
Up: 17.1%Similarity: 98.57%
RACE Revenue Forecast
RACE EPS Forecast
RACE FAQs
What is bull’s view on RACE?
What is bear's view on RACE?
What is RACE revenue forecast for next quarter？
What is RACE eps forecast for next quarter？
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
Michael Binetti
Evercore ISI Group
Buy
2024-10-22
Price Target
$475 → $565
Upside
+18.36%
Evercore ISI raised the firm's price target on Ferrari to $565 from $475 and keeps an Outperform rating on the shares. The firm thinks the stock is "already clearly embracing" Ferrari's conservative guidance for Q3 shipments, but adds that at this point, "we think 3Q-and even 2024 results-are a sideshow" as the firm updates its model with a fully detailed build for Ferrari's Special Cars business for 2023 through 2030. Last week's F80 hyper car launch will result in far more revenues and EBITDA than the firm had previously modelled and "beyond what we think is reasonable to believe was embedded in consensus," says the analyst, who is raising the firm's 2026 EBITDA estimate 10% above consensus.
Ryan Brinkman
JP Morgan
Hold → Buy
2024-10-11
Price Target
$385 → $525
Upside
+11.95%
