In a report released today, James Grzinic from Jefferies maintained a Hold rating on Ferrari, with a price target of €310.00.
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James Grzinic has given his Hold rating due to a combination of factors impacting Ferrari’s stock. The analyst has adjusted the 2026 estimates to account for the ongoing introduction of new models, which is expected to lead to reduced shipments and increased margin pressure from depreciation and amortization. This cautious outlook is reflected in the lowered price target of €310, indicating potential valuation challenges ahead.
Additionally, Grzinic notes that Ferrari’s recent model ramp-ups may not support volume growth in the near term, leading to a back-end loaded financial performance in 2026. The company’s efforts to stabilize resale values, particularly in the UK, and manage challenges in the US are acknowledged. However, the valuation remains under pressure, with a significant contraction from the 2026 P/E peak, suggesting that potential investors might be hesitant about the timing of their market entry.
In another report released yesterday, Morgan Stanley also downgraded the stock to a Hold with a $425.00 price target.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.