Ferrari Can Sell Fewer Cars and Still Beat, Goldman Says
Goldman Sachs raised its price target on Ferrari RACE to €421, citing expectations of strong earnings despite lower sales volumes. The bank forecasts Q3 revenue and EBIT above consensus, driven by high average selling prices and special-series unit deliveries. Ferrari shares rose 1.90% in Milan trading.
How this was made
The 30-second read
Why it matters
The analyst's bullish stance is likely to drive short-term buying pressure.
Market read
Ferrari shares rose 1.9% in Milan following the upgrade, indicating immediate market reaction.
What to watch
Currency fluctuations and slower Amalfi ramp-up may dampen earnings despite higher ASP.
Background
Goldman Sachs upgraded Ferrari, raising its price target and forecasting modestly lower unit sales but higher average selling prices.
Ticker impact
Goldman raised Ferrari's price target to €421 and forecast slightly lower Q3 volumes, expecting earnings beat.
likely upward pressure as market prices in higher target and earnings beat expectations
Goldman's buy rating and higher target provide a concrete catalyst; shares already rose 1.9% on the news.
Market effects
Boosts luxury auto sector sentiment as higher pricing and volume guidance may lift peers.
Supports European auto stocks, especially in Milan where Ferrari trades.
Minor; primarily affects European luxury car makers and related suppliers.
Counterpoint
If volume decline materializes, margin pressure could offset price gains.
Key entities
- analystGoldman Sachs
Investment bank providing the upgraded rating and target.
- companyFerrari
Luxury carmaker (ticker RACE) subject of the analyst upgrade.
