Ferrari: Stifel raises its target price on the stock

(CercleFinance.com) - Stifel maintains its 'hold' rating on Ferrari shares, with its target price raised from 335 to 360 euros.


The analyst reports that third-quarter results are in line with forecasts, but that forecasts remain unchanged, 'which is a negative surprise'.

Lower used car prices for the 296 and SF90 hybrid models could be a negative indicator for future PHEVs and BEVs', says the broker.

However, 'visibility remains high, with production for 2024, 2025 and much of 2026 already sold', it tempers.

In addition, Stifel reports that the F80 will be offered at a much higher price than anticipated in its model (i.e. 3.6 million euros instead of 1.6 million euros) and will be sold over a shorter period (3 years instead of 5).

We have factored this into our estimates, and our 2026 EPS is up by around 14%", says the analyst firm.


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