Ferrari N.V. (RACE) is rallying after renewed bullish analyst positioning helped re-rate the stock, with Jefferies recently upgrading the shares from Hold to Buy and lifting its price target to $400 from $348. The call points to high single-digit growth and gradual margin expansion supporting mid-term earnings growth, helping bring incremental buyers back into the name after a pullback.

Jefferies framed the setup around visible earnings power and continued brand-led pricing, while also flagging operational actions such as accelerating some deliveries to the U.S. market originally intended for 2Q 2026. Separately, Ferrari’s annual meeting actions have put a near-term capital-return marker on the calendar, with a dividend schedule that includes NYSE ex-dividend on April 21, a record date of April 21, and payment on May 5.

Traders will focus on whether follow-through buying persists after the initial re-rating burst and as the market moves through the ex-dividend date. Next catalysts include additional analyst revisions, any further disclosure around delivery phasing into the U.S., and updates tied to 2026 financial execution and margin progression versus the latest targets.