Ferrari (NYSE:RACE) is likely to face continued valuation pressure as softer shipment expectations and ongoing earnings downgrades weigh on investor sentiment, Jefferies said on Wednesday. “We trim our 2026 estimates to better reflect RACE's sustained rate of new model ramp ups next year, which will likely mean reduced shipments in the quarters ahead and greater margin dilution from growing D&A,” analysts wrote.
Ferrari now trades at its historical average P/E, following a correction from previously overvalued levels, prompting an upgrade to Buy. RACE's scarcity-driven strategy ensures controlled, moderate growth, with a filled order book into 2027 and a conservative 2030 revenue target of €9 billion. Recent financials show shipment growth slowing but strong pricing leads to expanding margins.
RACE's stock slump contrasts with resilient demand, rich margins and a deep order backlog that highlights the brand's long-term strength.
| Automobiles Industry | Consumer Discretionary Sector | Benedetto Vigna CEO | XBER Exchange | NL0011585146 ISIN |
| IT Country | 5,465 Employees | 23 Apr 2025 Last Dividend | - Last Split | - IPO Date |
Ferrari N.V. is a globally recognized marque, known primarily for its engineering prowess in the luxury performance sports car segment. Since its inception in 1947, the company has expanded its offerings beyond just high-performance vehicles to include services and experiences that enhance the brand's luxury status. Headquartered in Maranello, Italy, Ferrari's operations encompass the design, engineering, production, and sale of an exclusive range of sports cars celebrated for their innovation, style, and speed. The company’s reach extends worldwide, catering to an elite clientele through a careful blend of tradition and technological advancement. Furthermore, Ferrari has broadened its scope to include financial services, licensing, and even hospitality, embodying the essence of Italian luxury and motorsport heritage in all its ventures.