Ferrari jumps as Jefferies upgrades to Buy, lifts target to $400
Ferrari shares are surging after Jefferies upgraded RACE to Buy and raised its price target to $400 from $348, citing a re-emerging luxury premium and expectations for supportive upcoming quarterly results. The move is also occurring with Ferrari’s 2026 dividend timeline in focus ahead of the April 21, 2026 NYSE ex-date.
1. What’s moving the stock today
Ferrari N.V. (RACE) is rallying after Jefferies upgraded the stock to Buy from Hold and lifted its price target to $400 from $348, pointing to the luxury premium returning and positioning ahead of upcoming quarterly fundamentals. The upgrade is acting as a fresh catalyst for buyers following a period of risk-off pressure in the name.
2. Why the call matters right now
Ferrari has been trading as a high-quality luxury compounder, but sentiment can swing quickly when investors question near-term growth and the cadence of deliveries and new-model launches. An outright upgrade (not just a target tweak) can unlock incremental demand from investors who require a Buy-rated catalyst to add exposure, especially in a large-cap with relatively tight float dynamics versus mega-cap peers.
3. Dividend and catalyst calendar to watch
Ferrari has already outlined a proposed dividend schedule with an NYSE ex-date expected on April 21, 2026, record date April 21, 2026, and payment date May 5, 2026. With the ex-date approaching, some investors may also be repositioning to capture the dividend while balancing the stock’s post-ex reaction risk.