Ferrari Shares Rally 4.4% After Price Target Raised to €380
RACE•An investment bank upgraded Ferrari to Overweight, raising its price target from €330 to €380 and implying roughly 24% upside after shares fell 26% over the past year despite only 4% earnings cuts. Dealer feedback shows residual values have stabilized and electrification is boosting legacy demand.
1. Analyst Upgrade and Price Target
An investment bank upgraded Ferrari to Overweight, raising its price target to €380 from €330 and forecasting roughly 24% upside. Shares climbed 4.4% in Milan trading following the announcement.
2. Residual Value Trends
Dealer feedback suggests residual values for the 296 GTB have bottomed with transaction activity improving, while SF90 Coupe and Spider values are stabilizing after prior declines. Despite a 26% share drop over the past year, earnings forecasts for 2026 and 2027 were cut by only about 4%.
3. Electrification Driving Legacy Demand and Luce Outlook
Ferrari’s electrification strategy is boosting demand for legacy internal-combustion models through collector interest, supporting residual values. Dealer sentiment on the forthcoming €550,000 Luce is mixed, with concerns over design and customer targeting, but low expectations and disciplined production are expected to limit brand risk.
