Ferrari (NYSE:RACE) Updates FY 2026 Earnings Guidance

Ferrari (NYSE:RACE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 11.001- for the period, compared to the consensus estimate of 10.920. The company issued revenue guidance of $8.7 billion-, compared to the consensus revenue estimate of $8.6 billion.

Analyst Ratings Changes

RACE has been the topic of a number of recent research reports. Evercore reduced their price objective on Ferrari from $580.00 to $475.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $395.00 price target on shares of Ferrari in a research note on Friday, January 9th. Barclays set a $420.00 price objective on Ferrari and gave the company an “overweight” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group raised shares of Ferrari to a “strong-buy” rating in a research note on Monday, November 24th. Finally, HSBC reissued a “hold” rating on shares of Ferrari in a report on Tuesday, January 13th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $480.67.

Ferrari Price Performance

Shares of NYSE RACE opened at $336.48 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.90 and a quick ratio of 3.78. Ferrari has a 1 year low of $328.00 and a 1 year high of $519.10. The company’s 50-day moving average is $361.36 and its 200 day moving average is $414.32. The stock has a market capitalization of $81.56 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.63 and a beta of 0.99.

Hedge Funds Weigh In On Ferrari

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Horizon Investments LLC grew its position in shares of Ferrari by 33.3% in the 3rd quarter. Horizon Investments LLC now owns 104 shares of the company’s stock worth $50,000 after buying an additional 26 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Ferrari by 208.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 108 shares of the company’s stock worth $52,000 after purchasing an additional 73 shares during the period. Triumph Capital Management bought a new position in shares of Ferrari during the third quarter valued at approximately $53,000. State of Wyoming purchased a new position in shares of Ferrari during the second quarter valued at approximately $69,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ferrari by 31.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 194 shares of the company’s stock worth $82,000 after purchasing an additional 46 shares in 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.