Kepler Capital analyst Niccolo Guido Storer maintained a Buy rating on Ferretti S.p.A. today and set a price target of €4.10.
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Niccolo Guido Storer has given his Buy rating due to a combination of factors supporting Ferretti S.p.A.’s growth and profitability outlook. Recent trading has remained robust, with strong order momentum in key yacht segments and only temporary headwinds expected from the Middle East, where any slowdown is likely to be recoverable, while other markets such as Turkey and APAC are set to play a growing role.
Furthermore, the company’s strategy to enhance vertical integration, expand higher-margin refit and service activities, and consider capacity increases in superyachts underpins future earnings potential. Storer also factors in the potential governance shift if a new board less influenced by Weichai emerges, which could unlock shareholder-friendly actions like M&A and buybacks, reinforcing the investment case for the stock.
In another report released on February 25, Goldman Sachs also maintained a Buy rating on the stock with a HK$42.30 price target.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 9638 in relation to earlier this year.