Racing Force SpA, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst from Equita Sim maintained a Buy rating on the stock and has a €6.00 price target.
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Equita Sim has given his Buy rating due to a combination of factors including a very strong start to the year and improved earnings visibility. The company delivered double‑digit revenue growth in the first quarter across most regions and channels, with particularly robust progress in the U.S. and Asia, confirming the effectiveness of its brand strategy and commercial initiatives.
Equita Sim’s rating is based on the view that Racing Force maintains solid competitive positioning in motorsport and is beginning to benefit from growth projects such as Racing Spirit and the Milipol-related activities. Although estimates for full‑year sales and EBITDA are left unchanged and the second half will face tougher comparisons, sustained order intake, absence of operational disruptions, and an unchanged target price above the current share price support a positive risk‑reward profile.
RFG’s price has also changed slightly for the past six months – from EUR5.020 to EUR4.770, which is a -4.98% drop .