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Most Analysts Rate Ferrari Stock as a ‘Buy’ after Its 4Q17 Results

Jitendra Parashar - Author
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Nov. 20 2020, Updated 2:49 p.m. ET

Analysts on Ferrari stock

According to latest consensus data compiled by Reuters, 45% of the nine analysts covering Ferrari (RACE) gave the stock “buy” recommendations. Another 33% of these analysts recommended a “hold.” The remaining 22% of the nine analysts covering Ferrari stock expect its stock to underperform the market and gave it “sell” recommendations.

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Consensus price target

On February 5, Ferrari’s consensus 12-month target price was $125.76, which reflected an ~3.5% upside potential from its market price of $121.45.

Most Wall Street analysts are optimistic about the stock. However, they might be maintaining conservative price targets because its stock has already witnessed solid gains in the last year. Ferrari stock has registered stellar gains of 89.8% in the last year through February 5, 2018.

Please read Market Realist’s An Investor’s Guide: Is Ferrari Racing on a Rough Road? to learn more about Ferrari’s business overview.

Auto industry’s 4Q17 earnings season

In the last couple of weeks, mainstream auto companies (IYK) such as Ford (F) and Fiat Chrysler (FCAU) have announced their 4Q17 earnings results. On February 7, 2018, US electric automaker Tesla (TSLA) is scheduled to release its 4Q17 results. Please visit our Autos page for reviews of these auto companies’ 4Q17 earnings reports.

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