Citi analyst Harald Hendrikse upgraded Ferrari (RACE) to Neutral from Sell with a price target of EUR 320, up from EUR 300. The firm says the short thesis on the shares “may have played out for now.” Following selloff post the capital markets day, investors may return to Ferrari for a period of time, the analyst tells investors in a research note. Citi believes the company showed an ability to manage earnings in Q4 and co can do so again in fiscal 2026.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RACE:
- Ferrari NV Earnings Call: Growth Despite FX Drag
- Ferrari price target raised to EUR 430 from EUR 415 at RBC Capital
- Ferrari price target raised to EUR 310 from EUR 300 at Jefferies
- Ferrari Stock (RACE) Jumps 10% after Issuing Upbeat Guidance
- Ferrari Beats 2025 Targets and Brings 2026 Goals Forward as Margins and Cash Flow Surge