Why is Ferrari stock down?
Including today’s decline, ferrari shares are down about 24% this year as earnings expectations have been revised lower and the stock has derated from last year’s highs. Shares of the italian luxury brand have fallen from levels above $500 in early october to below $400 more recently. For a stock that isn’t typically very volatile, a drop like this in ferrari stock is rare. Investors were spooked by the company’s new 2030 targets, which implied slower growth than many had anticipated.
Is buying a Ferrari a good investment?
Over the course of three years, the Ferrari 488 Pista remained the slowest depreciating car, losing just over 5% of its value. It’s clear why so many consider a Ferrari a good investment. Those that appreciate do so significantly, while those that depreciate, depreciate slowly. In the end, there is no definitive answer to which is “better,” as the choice between Ferrari and Lamborghini comes down to the individual preferences of each driver. It is a matter of personal taste and lifestyle that defines which of these legendary brands fits best for each person.Generally speaking, a Ferrari is usually more affordable than a Lamborghini. Also, Ferrari models tend to become collector’s items, making them a better investment in the long term.