Ferrari (NYSE:RACE) Updates FY 2026 Earnings Guidance

Ferrari (NYSE:RACE) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RACE shares. Evercore restated an “outperform” rating and issued a $485.00 target price on shares of Ferrari in a research note on Friday. Needham & Company LLC upgraded Ferrari to a “neutral” rating in a research report on Friday. UBS Group restated a “buy” rating on shares of Ferrari in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and issued a $460.00 price objective on shares of Ferrari in a research report on Friday. Finally, Wolfe Research began coverage on shares of Ferrari in a report on Tuesday, July 7th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Ferrari has an average rating of “Moderate Buy” and a consensus target price of $477.15.

Ferrari Price Performance

Shares of RACE stock traded down $3.50 during mid-day trading on Friday, hitting $394.23. 518,396 shares of the stock were exchanged, compared to its average volume of 668,349. Ferrari has a 52-week low of $312.51 and a 52-week high of $504.49. The company has a quick ratio of 4.08, a current ratio of 5.20 and a debt-to-equity ratio of 0.72. The company has a market cap of $92.23 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 3.31 and a beta of 0.92. The firm has a fifty day moving average of $364.20 and a 200 day moving average of $352.74.

Ferrari News Summary

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q2 earnings beat expectations and guidance was raised. Ferrari reported revenue of roughly €1.94 billion and earnings of about $2.99–$3.05 per share, exceeding consensus estimates. Management cited resilient vehicle demand, favorable model mix and strong personalization activity, while the order book extends through 2027. Ferrari raises 2026 guidance after Q2 earnings beat
• Positive Sentiment: Pricing power is supporting margins. Jefferies raised its Ferrari price target to €400 and maintained a Buy rating, pointing to stronger-than-expected pricing power and growing demand for highly personalized vehicles. Ferrari price target lifted on pricing power and personalization growth
• Positive Sentiment: Share repurchases provide an additional support. Ferrari reported purchases under its €250 million second tranche, part of a multiyear buyback program expected to total approximately €3.5 billion through 2030. Ferrari periodic report on the buyback program
• Positive Sentiment: Early demand for Ferrari’s first EV appears encouraging. CEO Benedetto Vigna said the company is “very pleased” with orders for the Luce, despite criticism of the model’s launch. This could reduce concerns about Ferrari’s transition to electric vehicles. Ferrari very pleased with orders for Luce EV
• Neutral Sentiment: A rare 1963 Ferrari 250 P racer could fetch approximately $20 million at auction, highlighting the strength of the brand but having limited direct impact on operating results. 1963 Ferrari racer auction
• Negative Sentiment: Valuation remains a concern. Commentary argues Ferrari may be overvalued after an approximately 98% rally, with a high earnings multiple leaving less room for disappointment. Profit-taking may therefore be offsetting the favorable earnings news. Ferrari stock could be overvalued

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Morgan Stanley grew its stake in Ferrari by 43.4% in the 4th quarter. Morgan Stanley now owns 2,546,564 shares of the company’s stock valued at $941,109,000 after acquiring an additional 771,039 shares during the period. Viking Global Investors LP lifted its holdings in Ferrari by 432.7% during the second quarter. Viking Global Investors LP now owns 721,269 shares of the company’s stock valued at $353,526,000 after purchasing an additional 585,872 shares in the last quarter. Credit Agricole S A purchased a new position in Ferrari during the third quarter valued at $279,003,000. Wellington Management Group LLP raised its position in shares of Ferrari by 707.2% during the 3rd quarter. Wellington Management Group LLP now owns 536,486 shares of the company’s stock worth $259,564,000 after purchasing an additional 470,026 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Ferrari by 103.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 790,374 shares of the company’s stock worth $292,429,000 after purchasing an additional 401,534 shares during the last quarter.

About Ferrari

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.