High-end Ferrari automobiles, emulating the elegance of Hermès fashion
There's excitement in the air for Ferrari as the luxury car manufacturer prepares for its Capital Markets Day on October 8. The event promises a deeper look into Ferrari's product roadmap, and analysts are optimistic about the company's future.
UBS analyst Susy Tibaldi has raised her price target for Ferrari shares from 540 to 570 US dollars (480 euros). She joins Deutsche Bank analyst Nicolai Kempf, who recently increased his price target from 430 to 520 euros. Both analysts share a bullish stance on Ferrari's stock, seeing upside potential for the company's shares.
Berenberg has also joined the chorus of positive recommendations, following Deutsche Bank and UBS. They too see potential for growth in Ferrari's stock.
The Capital Markets Day will be an opportunity for Ferrari to share more about its plans, including the much-anticipated unveiling of its first electric car, the Ferrari Elettrica. Analysts, including Kempf and Tibaldi, are eager to learn more about this new model, and Kempf has promised to present his analysis at the event.
Kempf also anticipates an increase of around 5 percent in the 2026 earnings consensus estimate for Ferrari. He expects Ferrari to raise its targets at the Capital Markets Day, further bolstering the optimistic outlook for the company.
Ferrari's bullish outlook is not limited to its financial performance. The company's commitment to innovation is clear, with the development of its first electric car demonstrating a forward-thinking approach. The Capital Markets Day will provide a valuable opportunity for investors to gain a deeper understanding of Ferrari's product roadmap and its plans for the future.
As Ferrari prepares to unveil its first electric car and share its plans for the future, the anticipation is palpable. With analysts from UBS, Deutsche Bank, and Berenberg all expressing a positive outlook for the company's stock, it seems that Ferrari is poised for continued success. The Capital Markets Day on October 8 promises to be an exciting event, shedding light on Ferrari's ambitious plans and its commitment to innovation.
