Ferrari (NYSE:RACE) Updates FY 2026 Earnings Guidance

Ferrari (NYSE:RACE) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 11.254- for the period, compared to the consensus earnings per share estimate of 11.240. The company issued revenue guidance of $8.8B-, compared to the consensus revenue estimate of $8.7 billion.

Analyst Ratings Changes

A number of research firms have recently weighed in on RACE. Sanford C. Bernstein boosted their target price on shares of Ferrari from $402.00 to $460.00 and gave the stock an “outperform” rating in a report on Friday. Needham & Company LLC upgraded Ferrari to a “neutral” rating in a report on Friday. Morgan Stanley restated an “overweight” rating and issued a $442.00 price target on shares of Ferrari in a research report on Friday. UBS Group cut their price objective on shares of Ferrari from $497.00 to $490.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ferrari in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $477.15.

Ferrari Trading Down 0.8%

RACE stock opened at $394.51 on Friday. Ferrari has a 12 month low of $312.51 and a 12 month high of $504.49. The firm’s 50-day moving average is $365.12 and its 200 day moving average is $353.03. The company has a market capitalization of $92.29 billion, a PE ratio of 36.63, a P/E/G ratio of 3.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.20 and a quick ratio of 4.08.

Ferrari News Roundup

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q2 results exceeded expectations and full-year guidance was raised. Ferrari reported revenue of approximately €1.94 billion, up about 8% year over year, while earnings per share beat consensus estimates. Strong operating performance, higher cash generation and resilient demand supported the outlook. Ferrari raises 2026 guidance after Q2 earnings beat
• Positive Sentiment: Personalization and pricing power remain key profit drivers. Customers continue to spend on customized vehicles and higher-margin options, helping Ferrari expand its mix and profitability. The order book is fully covered through 2027, and Jefferies raised its price target to €400 while retaining a Buy rating. Ferrari price target lifted on pricing power and personalization growth
• Positive Sentiment: Ferrari continues to return capital to shareholders. The company reported additional purchases under its €250 million second-tranche share buyback, part of a broader multiyear program expected to total approximately €3.5 billion through 2030. Buybacks can support per-share earnings and signal management confidence. Ferrari periodic report on buyback program
• Neutral Sentiment: Early demand for the Luce electric vehicle appears encouraging. CEO Benedetto Vigna said Ferrari is “very pleased” with orders for its first fully electric model, despite criticism of its debut. The comments help address execution concerns but do not yet provide detailed sales or profitability data. Ferrari very pleased with orders for Luce EV
• Negative Sentiment: Valuation remains a significant overhang. After a roughly 98% run, commentary argues that Ferrari may be overvalued. With a price-to-earnings ratio near 38 and PEG ratio above 3, investors may be taking profits or demanding stronger upside before bidding the shares higher. Ferrari stock could be overvalued despite its run

Institutional Trading of Ferrari

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bamco Inc. NY raised its holdings in shares of Ferrari by 790.9% in the 4th quarter. Bamco Inc. NY now owns 98 shares of the company’s stock valued at $36,000 after purchasing an additional 87 shares in the last quarter. Jessup Wealth Management Inc purchased a new stake in Ferrari during the fourth quarter worth $50,000. GW&K Investment Management LLC increased its holdings in shares of Ferrari by 58.1% in the 4th quarter. GW&K Investment Management LLC now owns 136 shares of the company’s stock valued at $50,000 after acquiring an additional 50 shares during the period. Horizon Investments LLC lifted its stake in shares of Ferrari by 33.3% during the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after purchasing an additional 26 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Ferrari by 208.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 108 shares of the company’s stock valued at $52,000 after purchasing an additional 73 shares during the last quarter.

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.