Equita Sim analyst maintained a Buy rating on Racing Force SpA yesterday and set a price target of €6.00.
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Equita Sim’s rating is based on several positive indicators for Racing Force SpA. The company has shown a robust increase in revenues, particularly in the third quarter, with a notable rise of over 20% at constant exchange rates. This growth is largely driven by the strong performance of the Driver’s Equipment segment, especially in OMP-branded racewear and Bell-branded helmets, which have seen significant sales acceleration in the EMEA region.
Moreover, Equita Sim highlights the improved visibility on the full-year estimates for 2025, with projected sales growth supported by an expected increase in US helmet sales and new contracts. The company’s strong brand presence in motorsport and progress in diversification projects within the Milipol sector further bolster its outlook. These factors, combined with the stock’s current trading multiples, underpin Equita Sim’s Buy rating and the unchanged target price of €6.00.
Based on the recent corporate insider activity of 12 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 RFG in relation to earlier this year.