RACE Price Prediction Next Week
Based on the provided data and recent market developments, here's the analysis for RACE's stock price prediction for next week:
Technical Analysis
The technical indicators show:
- Current price is trading around $429, near the Fibonacci pivot point of $428.51
- RSI at 50.02 indicates a neutral momentum
- MACD at -0.98 suggests slight bearish pressure
- Price is below the 200-day SMA of $438.22, indicating some medium-term weakness
News Sentiment and Fundamental Catalysts
- Bank of America maintains a "Buy" rating on Ferrari, highlighting its positioning as a luxury automaker with significant brand value
- The launch of the F80 supercar in late 2025 (priced at $3.9 million) is expected to enhance Ferrari's product mix and profitability
- The F80 has already sold out its initial 799-unit production run, demonstrating strong demand
- Analysts expect Ferrari's earnings per share to grow 10% to $9.35 in 2025
Price Prediction for Next Week Based on Fibonacci levels:
- Resistance levels: R1: $438.51, R2: $444.70, R3: $454.70
- Support levels: S1: $418.51, S2: $412.32, S3: $402.32
Expected price movement:
- Base case (60% probability): Range-bound trading between $418-$438, with potential to test R1 at $438.51
- Bullish case (25% probability): Break above R1 could push price toward R2 at $444.70
- Bearish case (15% probability): Break below S1 might see price test S2 at $412.32
Trading Recommendation HOLD current positions or establish new long positions near support at $418.51. The stock shows resilience despite recent market volatility, supported by strong fundamentals and upcoming catalysts. Set stop-loss below S2 at $412.32.
RACE Similar Chart Price Prediction
The price of RACE is predicted to go up 8.35%, based on the high correlation periods with OSBC. The similarity of these two price pattern on the periods is 93.41%.
RACE
OSBC
Up: 8.35%Similarity: 93.41%
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
Michael Binetti
Evercore ISI Group
Buy
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
Price Target
$385 → $525
Upside
+11.95%