Ferretti S.p.A.: Buy Rating Amidst Near-Term Challenges and Long-Term Upside Potential

Kepler Capital analyst Niccolo Guido Storer maintained a Buy rating on Ferretti S.p.A. (9638 – Research Report) yesterday and set a price target of €3.80.

Niccolo Guido Storer has given his Buy rating due to a combination of factors influencing Ferretti S.p.A.’s financial outlook. Despite a reduction in target price and earnings estimates, the stock still presents a significant upside potential of 45.8% from its current price. The anticipated growth in order intake and the company’s strategic focus on larger yachts are expected to drive future performance, even though the current backlog and market conditions present challenges for 2025.
Storer acknowledges the near-term difficulties, such as the weak North American market impacting inventory levels and working capital. However, he remains optimistic about the company’s ability to recover in 2026, with expectations of resumed revenue growth and improved net cash position. The valuation at the new target price suggests a discount compared to peers, which supports the Buy recommendation.

According to TipRanks, Guido Storer is a 5-star analyst with an average return of 13.1% and a 49.65% success rate.