Is Ferrari traded on the NYSE?
Ferrari NV is listed and trades on the NYSE stock exchange. We are delighted to announce that Ferrari Group is going public. Today, 13 February 2025, marks a significant milestone in our journey as we officially launch our Initial Public Offering (IPO) on the Amsterdam Euronext, where the first trading of the Shares commenced at 9. CET.The initial public offering of common shares of Ferrari N. V. Ferrari”) occurred on October 21st, 2015 at USD 52 per common share (IPO price range: USD 48 – 52 per common share) on the New York Stock Exchange (“NYSE”) operated by NYSE Euronext.The initial public offering of common shares of Ferrari N. V. Ferrari”) occurred on October 21st, 2015 at USD 52 per common share (IPO price range: USD 48 – 52 per common share) on the New York Stock Exchange (“NYSE”) operated by NYSE Euronext.
Can I buy Ferrari stock?
Available on the NYSE, Ferrari is listed under the ticker RACE. Both modern and retro Ferrari models have strong demand, but high-performance, low-mileage retro models, as well as new exclusive models like the Purosangue and 812 GTS, are expected to perform particularly well.How does Ferrari make their money? Ferrari has profit margins well beyond the traditional car manufacturers. Maybe this is because they charge a premium for their vehicles compared with VW group, Daimler and Ford. The biggest contributor to this healthy margin is not their cars – it is their merchandise.Investors might want to bet on Ferrari (RACE), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy).Ferrari is much more profitable than Lambo, and their profits set new highs each year. They actually could’ve sold 3-5 times more Purosangues but decided to keep production low for exclusivity.Generally speaking, Ferraris tend to be good investments in the luxury car market. In addition to depreciating at slow rates, Ferraris have held strong market demand since their introduction in the mid-1900s.
How high will Ferrari stock go?
RACE Stock 12 Month Forecast Based on 15 Wall Street analysts offering 12 month price targets for Ferrari in the last 3 months. The average price target is $532. The average price target represents a 11. According to the most popular narrative among market analysts, Ferrari shares are considered slightly undervalued compared to their fair value, with growth potential tied closely to long-term brand strength, innovation, and luxury demand.Ferrari NV has a consensus rating of Moderate Buy which is based on 9 buy ratings, 4 hold ratings and 0 sell ratings. The average price target for Ferrari NV is 543. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months.Ferrari stock has received a consensus rating of buy. The average rating score is and is based on 12 buy ratings, 1 hold ratings, and 0 sell ratings.The long-term outlook remains strong, with Ferrari expected to deliver 7%+ annual revenue growth and improving margins, despite occasional quarterly volatility. Current valuation after the selloff is attractive for long-term investors, with shares trading below historical averages and a price target of $540.
Is Ferrari a good long-term stock?
Ferrari is one of the most consistently positively growing stocks. It almost never has a big downswing like this, tis the reason I asked. Every single projection for the stock is positive. They are not overvalued, they are not undervalued, they consistently have positive earnings reports, and they stay relevant. Citi analysts said that although Ferrari continued to deliver solid results, the focus had now shifted to whether the Milan- and New York-listed group can sustain its high profitability amid slowing growth in sales volumes and pricing.