$RACE

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.

Porsche has filed a patent for a dual-clutch transmission with manual shifting capabilities, similar to Ferrari's recent system. The setup allows for both automatic and manual driving modes, potentially compatible with combustion and hybrid models. The system uses sensors and a control unit to mimic manual transmission functions.

Rakuten Group, Inc. has agreed to a multi-year global partnership with Scuderia Ferrari HP, effective January 1, 2027. Rakuten will become a Team Partner in telecommunications and e-commerce, marking the first time a Japanese company joins the team in these categories. The partnership aims to drive innovation and business engagement, with Rakuten branding featured on race cars and driver apparel.

Ferrari plans a new power unit for 2027, with team principal Fred Vasseur stating that this season's development will not immediately close its speed gap with Mercedes. The FIA granted Ferrari extra homologations for 2026 and 2027, but Vasseur expects only small gains this year. Ferrari aims to catch up as soon as possible with the new engine.

Ferrari announced a multi-year sponsorship deal with Rakuten for the 2027 F1 season. Kimi Antonelli, a Mercedes driver, did not rule out a future move to Ferrari. Lewis Hamilton's relationship with Ferrari has reportedly become tense. Fernando Alonso, an Aston Martin driver, purchased a $5 million Bugatti.

Ferrari announced a multi-year partnership with Rakuten, effective from the 2027 F1 season. Rakuten will join Ferrari's sponsorship portfolio, marking its first entry into Formula 1. The deal will explore opportunities in e-commerce and technology. Ferrari is currently second in the 2026 constructors' standings with nine races remaining.

The MIB index rose 0.8% to 52,385.50, aligning with broader European market gains. The Bank of England held rates at 3.75% and confirmed its quantitative tightening plan. Stellantis, Leonardo, and Ferrari saw stock movements due to specific developments. Deutsche Bank adjusted its target price for Inwit. Other notable movers include EPH Invest, Tesmec, and Pharmanutra.

Rakuten Group (4755.T) announced a multi-year global partnership with Scuderia Ferrari HP, effective January 1, 2027. Rakuten will become a Team Partner in telecommunications and e-commerce, marking the first time a Japanese company has partnered with Ferrari in these categories. The deal aims to expand Rakuten's global footprint and showcase its technology capabilities. Rakuten shares closed at JPY 714.30 on Thursday.

ABB has partnered with Ferrari Hypersail, a 100-foot renewable-energy-powered yacht, to develop advanced 800 VDC power systems. ABB will provide expertise in DC technology, energy management, and electrical systems to enhance performance and resilience in extreme ocean conditions. The collaboration aims to advance industrial microgrid technologies, with insights applicable to sectors like marine, renewables, and data centers. ABB shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stoc

Ferrari unveiled the 296 GT Modificata, a track-only two-seater with a 730 cv V6 engine, derived from the 296 GT3 Evo. The car features enhanced aerodynamics and braking systems, designed for non-competitive events in Ferrari's Club Competizioni GT program. Production is limited, and pricing is undisclosed.