AlphAIAlphAI — Financial news for AI agents
gurufocus.comSEP 291 min read$RACE

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.

Original reporting
gurufocus.com
Published Sep 29, 2026, 5:35 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 29, 2026, 6:03 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$RACE
Bullish
high confidence
Mentioned
$RACE
Relevance
7/10
AlphAI data visualization · based on gurufocus.com
Decision brief

The 30-second read

$RACEBullishMed
01

Why it matters

The analyst's bullish stance is likely to drive short-term buying pressure.

02

Market read

Ferrari shares rose 1.9% in Milan following the upgrade, indicating immediate market reaction.

03

What to watch

Currency fluctuations and slower Amalfi ramp-up may dampen earnings despite higher ASP.

Relevance 7/10Novelty 7/10Timing: today

Background

Goldman Sachs upgraded Ferrari, raising its price target and forecasting modestly lower unit sales but higher average selling prices.

Company-level read

Ticker impact

$RACEBullishHigh confidence
Context

Goldman raised Ferrari's price target to €421 and forecast slightly lower Q3 volumes, expecting earnings beat.

Expected impact

likely upward pressure as market prices in higher target and earnings beat expectations

Evidence & confidence

Goldman's buy rating and higher target provide a concrete catalyst; shares already rose 1.9% on the news.

Market effects

Sector

Boosts luxury auto sector sentiment as higher pricing and volume guidance may lift peers.

Regional

Supports European auto stocks, especially in Milan where Ferrari trades.

Global

Minor; primarily affects European luxury car makers and related suppliers.

Counterpoint

What could challenge this read

If volume decline materializes, margin pressure could offset price gains.

Key entities

  • analyst
    Goldman Sachs

    Investment bank providing the upgraded rating and target.

  • company
    Ferrari

    Luxury carmaker (ticker RACE) subject of the analyst upgrade.

Read at source← All news

Related articles

AUG 24
$RACELow

Ferrari Luce – price, specs and release date of Italy’s infamous EV

Ferrari's first electric car, the Luce, has a starting price of around £450,000 and has reportedly sold well, with Ferrari targeting 2,500 sales by 2030. The car's stock price has rallied from $280 to over $360 since its unveiling. The Luce features a 1036bhp electric powertrain and is designed to expand Ferrari's lineup rather than replace combustion models. It is expected to be released before the end of 2026. Ferrari's CEO emphasized that the car is not designed for drag races but for driver

evo.co.uk2 min
AUG 17
$RACEMed

Ferrari’s first electric car sells for $40 million at auction

Ferrari’s first all-electric model, the customised Luce, sold for $40 million at RM Sotheby’s during Monterey Car Week, with proceeds to educational initiatives. The auction house said it was the first production chassis from the Luce program. Pre-sale estimate was $1.1 million. Ferrari (NYSE:RACE) shares fell over 8% after the May unveiling amid analyst and consumer backlash.

proactiveinvestors.com3 min