Equita Sim analyst maintained a Buy rating on Racing Force SpA today and set a price target of €6.00.
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Equita Sim has given his Buy rating due to a combination of factors, starting from the solid operating performance just delivered. Racing Force has begun to harvest the returns on its recent industrial investments, with strong revenue growth in FY25, improving margins and rising adjusted net profit, while the completion of major capex programs positions the group for better operating leverage.
Equita Sim’s rating is based on a constructive outlook for 2026, supported by double-digit growth in orders, especially from U.S. motorsport, lifestyle brand Racing Spirit and law-enforcement contracts, together with normalized capex that should enhance cash generation. The valuation, anchored to a €6.0 target price and supported by both core motorsport business and optional upside in MiliPol and diversification projects, justifies a premium multiple versus Italian small-mid caps and underpins the Buy recommendation despite geopolitical and cost-related risks.
Based on the recent corporate insider activity of 11 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.