Ferrari, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Filatov from Berenberg Bank maintained a Buy rating on the stock and has a €484.00 price target.
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Michael Filatov has given his Buy rating due to a combination of factors that highlight Ferrari’s strong market position and potential for growth. He notes that there is a broad consensus among investors recognizing Ferrari as a high-quality compounder, which has managed to outperform traditional automotive strategies in terms of volume and pricing without compromising its brand value. This perception has led to a pool of potential buyers who might re-enter the market, especially following short-term stock weaknesses.
Furthermore, Filatov points out that several investment funds share his optimistic outlook for 2026, suggesting that current market expectations might be undervaluing Ferrari’s potential. The anticipated price/mix improvements, particularly from the F80 and Special models, are expected to drive significant upside. Despite some concerns raised by customers and dealers, particularly regarding residual values and electrification strategies, these do not overshadow the mid-term growth prospects that support the Buy rating.
RACE’s price has also changed moderately for the past six months – from $438.540 to $504.090, which is a 14.95% increase.