Ferrari: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF confirms its 'outperform' opinion on Ferrari, with its target price raised from E445 to E480, following the presentation of its new supercar, the F80, with price and volumes that are well above its most optimistic expectations.


These levels represent a further significant premium over the latest limited series offered by Ferrari, once again testifying to the group's best-in-class and intact pricing power, the analyst says, raising 2025-26 EPS estimates by 2%.

The very high visibility of earnings growth (CAGR above 13% in a scenario that we now consider cautious) fully justifies our demanding valuation, he adds in his note on the Italian automaker.


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